What, if I miss to pay my credit card dues?
Ajay Khatri
Manager HDFC Bank Limited Housing Loan Credit Risk Management, Retail portfolio Management Collections recovery
Dear i was getting constant queries regarding credit card dues, many of might have same question. What happens if we miss or skip credit card bill payment?
Well, firstly we need to understand that credit card is a kind of borrowing or credit line provided by the lender ( Bank or NBFC).You may also consider it as short term borrwing,and that means you are lieble to pay dues timely.As the credit card comes limited risk to borrower,if he stuck in any financial trouble it might get easy to manage funds to repay your dues,but what if we miss that dues.
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