00:01Hello and welcome, I am looking at Good Returns, I am with you, I am with you, I am with
00:04you, I am with you, I am with you, I am with you.
00:05Look, if every month credit card will be late, or you are afraid of late fees, or you will be
00:12able to score,
00:12then you have a big update for you.
00:16RBI has such people's money, which will be delayed by the credit card,
00:22or you will get a little while.
00:25Reserve Bank of India has a new agreement,
00:27which has 3 days in the credit card payment,
00:32which has a small safety net.
00:34Now, you will understand what to do next.
00:36First, what happened?
00:38If you have due date missed,
00:40then you have late fees,
00:42and you have late payment,
00:46which could also be the credit score.
00:48However, if you have due date after 3 days,
00:53if you have due date payment,
00:54then you will not be defaulted.
00:57So, you will get a little time for your fault.
01:01This doesn't mean that you will be late,
01:04but it will be just a grace period,
01:06where you will be technical, banking delay,
01:09or you will not be lost.
01:12And the most important thing is,
01:15that you will increase late fees,
01:16and your credit score will decrease.
01:20So, your credit score will be maintained.
01:23Because the credit score will be dependent on your payment history,
01:27and your credit score will decrease.
01:30But you will also have a twist.
01:33It is not that you will get the RBI from the RBI.
01:36If you are late for 3 days,
01:40then you will be late,
01:41then you will be late fees.
01:42Late fees will be paid,
01:44and the credit report will be negative entry,
01:46and the credit score will also be negative impact.
01:56The rest of the credit score will also be due date.
01:59I will leave the credit score on the bank.
02:00So, if you will be late,
02:04that if you will be due date,
02:05then you will have to have 3 days backup.
02:09But you will become a good habit,
02:10so the error will also be greater.
02:12What do you need to do?
02:14We will do due date before payment,
02:15and we will use this 3 days only for emergency break.
02:20This will show you the difference between smart finance and law-per-wahi.
02:24Please tell us in the comment section,
02:26how are you going to use this 3 days of grace-period?
02:29See you in the comments.
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