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India

Dumbest Debit Card Thief of the Day – India

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This young identity thief certainly wasn’t the sharpest knife in the drawer. The Hindustan Times out of India is reporting that a nephew stole his uncle’s debit card information and purchased a Samsung Galaxy SIII on ebay.in using his uncle’s card. The uncle got a text message his debit card had been hit and he then filed a police report ... Read More »

Go Ahead, Take a Guess Which Countries Have the Most Credit Card Fraud

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Now here is a study that will probably surprise some people. A recent survey by the Aite Group and ACI Worldwide of consumers who experience credit card fraud found some countries are much more at risk of consumers having their credit cards used fraudulently. As someone who has lived and travelled to many countries outside of the United States, a ... Read More »

Jnana Jyothi Financial Literacy and Credit Counselling Trust Announces Financial Literacy Scheme

Jnana Jyothi Financial Literacy and Credit Counselling Trust jointly sponsored by Syndicate Bank and Vijaya Bank, and created in concordance with the model system of Reserve Bank of India on October 20, 2010 has completed two years of service. The Trust so far has opened 32 centers in 25 districts in India, of which 14 centers are in Karnataka, five ... Read More »

New Indian Middle Class Gets Caught In the Whirlwind of Revolving Credit

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It's tough all over -- and not just in the United States. In India, where revolving credit is still relatively new, consumers are struggling under the weight of crushing consumer debt, according to a story in the Wall Street Journal this morning. But it's not just Indian consumers who are suffering. The banks that handed out this easy money are being hammered as well. Indeed, card companies that Read More »

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