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Tamil Nadu
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Chennai
Credit card users' association launched
Staff Reporter
CHENNAI:
The Chennai chapter of the Credit Card Users Association was launched on Wednesday.
Talking to reporters, Credit Card Holders' Association of India general secretary C.V. Giddappa said the objective of the Association was to save innocent people from the clutches of bankers who harassed them. There were numerous complaints from people that, under the pretext of collection, they were threatened at odd hours and even detained illegally.
Many bankers issued credit cards to people without verifying their credit worthiness. This led the cardholders into a debt trap, Mr. Giddappa said.
The Association was organising "credit card surrender campaigns". So far, about 25,000 cards surrendered across the country had been sent to the banks concerned, he said. For details, contact Association's Chennai chapter president I. Arokiasamy and vice president S. Sabari Perumal on 94440-03336 or 044-25384061.
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