Swipe now, pay forever | Credit card debt in India is no longer a silent crisis
On the โCredit Cards Indiaโ subreddit, a user writes, โLost my job, โน80k in credit card debt, no income. What are my options?โ Another says, โDrowning in credit card debt (ICICI, Axis, HDFC, Federal) โ no income, no support. Please help.โ A third asks, โStruggling with EMIs. Is foreclosure a good idea?โ These are just a few of the hundreds of desperate posts that expose the harsh reality behind Indiaโs growing financial aspirations.Living on creditCredit card debt is no longer a silent crisis. Last year alone, defaults in India surged 28%, touching โน6,742 crore. This sharp rise reflects not just…