Credit Card Debt
How to regain control when you’re caught in a credit card debt trap
Credit card issuance has doubled in five years and dues have surged. Are more Indians slipping into a debt trap—and how can borrowers break free before it spirals?
5 min read23 Feb 2026'Indians Piling Debt Faster Than Creating Assets' | Is Young India Borrowing More Than Its Capacity?
Average debt of India now stands at ₹4.8 lakh per person, up from ₹3.9 lakh just two years ago. As per an RBI report, the amount of financial assets added each year has grown 48% between 2019 and 2025, while the annual liabilities have grown 102% over that period. Is Young Indi borrowing more than its capacity? #debt #loan #autoloan #homeloan #educationloan #debttrap #trader #bnpl #buynowpaylater #abhinavtrivedi #narendramodi #nirmalasitharaman
19 Nov 2025Indians Are Defaulting More On Loans Without Collaterals | RBI Highlights The Worrying Trend
Gross NPAs in the microfinance sector surged to an all-time high of ₹50,000 crore, or 13% of the gross loans, at the end of December last year. This happened even as the RBI reduced the need for higher capital allocation against risky unsecured assets. Now as per a recent report India, which is home to over 140 Cr people, has nearly 100 Cr individuals who lack sufficient income to spend on discretionary goods or services.. #npa #sharemarket #stockmarket #news #narendramodi #rbi #fitch #banks #loan #debt #autoloans #personalloan #personalfinance #nse #sensex #bse #abhinavtrivedi #nirmalasitaram #homeloan #loandefault #smartphone #loanapp #rbi #icicibank #hdfcbank #axis #usa #india #debtceiling #creditcard #creditscore
3 Mar 2025Credit card: Can you be sued for not paying your credit card bill?
When a credit card user doesn't clear his/her bill on time, it leads to a negative entry in the defaulter's credit report, thus jeopardising their creditworthiness.
2 min read19 Nov 2024Borrowers delay credit card payments as credit-binge starts to bite
One of the reasons for the rise in credit card delinquencies is because a section of borrowers are exhausting their credit limits but are unable to repay, analysts said.
4 min read26 Sep 2024RBI’s new credit reporting rules: What they mean for your spending limit and credit score
If you repay your credit card bill immediately, your spending limit will be restored. If the payment is done online, the restoration should be effective within a few minutes.
2 min read27 Aug 2024How to get a credit card when your CIBIL score is poor? Here are 4 effective ways
A low CIBIL score usually indicates a higher risk to banks, making them reluctant to extend credit.
3 min read30 Mar 2024How to use a secured credit card to improve CIBIL score? Here's a guide
Secured credit cards require a security deposit, which typically becomes your credit limit. This reduces the risk for the issuer, making it easier to qualify for even if you have limited or poor credit history.
2 min read12 Mar 2024Credit card latest rules: You can now decide the billing cycle of your card. Details here
The latest amendment stipulates that the cardholder will be provided option to choose any date as the starting or closing date of the billing cycle at least once. Additionally, card-issuers may provide the option to modify the billing cycle through multiple channels, RBI’s rules state
2 min read7 Mar 2024