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For instance, if your credit card total outstanding amount is Rs 1 lakh and your bank and you agree upon a settlement amount of Rs 75, 000 in three part payments.
Some users may post messages that are misleading, untrue or offensive.The DGI will also find and investigate all your assets and properties and sell or dispose of them to repay the creditors.Taking a settlement should be your last resort.Note that if you opt out, you will still receive advertising.This information includes: Demographic information (gender, estimated age, and general geographic location, and your estimated purchase ability Summarized census information and other publicly available information (estimated education level, homeownership status, and estimated occupation type and.Information in these cookies is updated from time to time to ensure that it is up to date and relevant.Petronas Introduces Setel, An e-Wallet To Pay For Fuel.So just what exactly happens when you miss your credit card payments?For that very reason, it's easy to get tempted and go crazy with your spending when you have a credit card (especially if it's your first credit card).Not having enough financial resources to tame your unrestrained financial spending can lead to some major consequences.
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When not to take a settlement: If you are below 45 years of age, taking a settlement on your credit card debt is a big mistake.Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders.Latest Posts, personal finance tips to help you manage your budget and stay ahead of the banks.There are three tiered interest rates regulated by BNM, namely the 15, 17 and 18, per annum interest rates.Be responsible and explain yourself.If you prefer that we do not share this information, and would not like to receive targeted advertising as described above, please see our.Sounds like a good idea?