With changing times, people have changed. So have their methods of purchasing. Today people prefer to purchase online. Online purchases entail people to use their credit cards quite often. Sensing this opportunity banks have also come up with various schemes where they offer these credit cards to their customers. Credit cards are very useful as long as you make the payments on time. If you make the payments on time there is no such facility as beneficial as a credit card. You get time to pay the bill no doubt but you must ensure that you pay it on time. Doing so would enable you to save on interest. Each credit card bill envisages that you pay a certain amount known as the minimum amount due to keep your card alive. You can pay your minimum amount due and still use the card. However the bank now starts to charge interest and this interest is at a very high rate. This keeps on accumulating and the time may come when you may have to default on the entire repayment.
This is when the bank initiates recovery measures and send you reminder notices to pay off the credit card dues. Certain banks also depute recovery agents to samle kredittkortgjeld from defaulting customers. The recovery agents can go to any extent to recover the dues from the customers. They use all the tricks in the trade to achieve their objectives. Some recovery agents go further ahead and try to harass defaulters and coerce them to pay. Such methods are usually frowned at in a court of law which prohibits any force to be exerted on the customers to repay their loans. One should not allow things to go down to such levels as repaying a credit card due with interest is the most difficult thing to do.