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Debt Counselling

NCLT grants one week to Byju's, Teleperformance to settle debt dispute

The decision came after Byju's counsel, Senior Advocate Pramod Nair, informed the NCLT that it was trying to resolve the issue with Teleperformance, the creditor

NCLT grants one week to Byju's, Teleperformance to settle debt dispute
Updated On : 18 Apr 2024 | 9:27 PM IST

Debt Counselling: Sanjay Agarwal

I have two credit cards and the billing cycle is the same for both. Due to this, I sometimes find it difficult to fully pay the amounts. May I ask a bank to change my billing cycle?For all credit cards, the billing cycle is monthly in nature and there's a gap of two-three weeks between billing and payment due dates. Generally, banks allow a change in billing cycle at least once in the lifetime of a credit card. However, billing dates are necessarily once a month when the card payments must be made. Since you have two cards, you will have two payment dates each month, on which you will need to pay.I have two credit cards. I want to transfer the balance to one and surrender the other. But, my bank is not permitting me to do so. What can I do?You have not mentioned whether both cards have been issued by the same bank or are from two different banks and which bank is not permitting you to do this. If they are from the same bank, both accounts are linked and treated as one in bank's record

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Updated On : 12 Apr 2016 | 2:49 PM IST