- DON’T give out your credit card number(s) online unless the site is a secure and reputable site. Sometimes a tiny icon of a padlock appears to symbolise a higher level of security to transmit data. This icon is not a guarantee of a secure site, but might provide you some assurance.
- Don’t trust a site just because it claims to be secure.
- Make sure you are purchasing merchandise from a reputable source.
- Make sure the transaction is secure when you electronically send your credit card number.
- Do your homework on the individual or company to ensure that they are genuine.
- If you are making online purchase from a previously unknown seller, try to obtain the physical address rather than a post office box and a phone number. Call the seller to see if the number is correct and working. Do not buy from sellers who won’t provide you with this type of information.
- Don’t judge a person/company by their website.
- Be cautious when responding to special offers (especially through unsolicited e-mail).
- Be cautious when dealing with individuals/companies from outside your own country.
- If anything looks suspicious or if you lose your credit card(s) contact the card issuer immediately and deactivate the card.
WE ARE all familiar with the anxiety and uncertainty that we feel when applying for a loan. After all, it's the lender who decides whether we can own our dream home, our first car, or whether our children can pursue higher education. In a nutshell, a better life depends on the lender's decisions. While other factors do play a part in the lender's decision, the Cibil Credit Information Report ( CIR ) plays a crucial role in a lender's decision to approve a loan application. Previously, lenders would treat all loan seekers equally. Each applicant, if approved by the lender's internal credit policy, would be charged at the same interest rate for a particular loan size and purpose. The lenders would charge a higher interest rate to all the borrowers, in order to compensate for the possible default of a small portion of the loan disbursed. In other words, it's like a professor (the lender) punishing an entire class (borrowers) for the mischief played b...
