How To Delete ZestMoney Account? – There are a few drawbacks to ZestMoney, regardless of how good it sounds. The idea of creating a ZestMoney account and getting EMI loans, and buying anything you want seems excellent, but it isn’t as great as it looks.
Multiple reasons may lead to you wanting your ZestMoney account deleted, deactivated, and closed permanently. Mail spamming is one of the most important reasons. Even though ZestMoney is safe and secure and keeps all your information confidential, giving your financial and personal details to online lending apps is not recommended.
Once you have cleared all the loans on the platform, we recommend you remove your account from the platform. In addition, it charges a processing fee for each transaction, which after a while may add up to hundreds of dollars.
Therefore, you have come to the right place to learn how to delete your ZestMoney account. To delete your ZestMoney account, we will walk you through a few simple steps.
How To Delete ZestMoney Account?
1. Firstly, Sign into your ZestMoney account.
2. Choose the option found right in the bottom left corner.
3. Choose the “General” option.
4. Continue scrolling down to find the Billing and Account section.
5. Continue scrolling down to find the delete account option.
6. Delete the account by clicking the delete button. That’s it! You’ve successfully gotten rid of your ZestMoney account.
Delete ZestMoney Account Through Mail
Follow the below steps for how to delete ZestMoney Account via mail.
1. Log in to your email account that is linked to your ZestMoney Account
2. You will require composing an email and make it out to [email protected].
3. You can keep the Subject as “REQUEST FOR ZESTMONEY ACCOUNT DELETION.”
4. In the body section of the email, write about why you want to delete your ZestMoney account and request deletion.
Here is an example of how to write such an email.
SUBJECT: Request To Delete My ZestMoney Account From Your Database
Dear ZestMoney Team,
I have a ZestMoney account in your database with the name ……………. and the email address connected to the ZestMoney account is ………………..
Meanwhile, I have decided not to use the ZestMoney account again for any reason. Therefore, I request that you kindly delete my ZestMoney account from your database and clear all notifications.
Why Delete ZestMoney Account?
Most Indians can’t access it.
Credit history is necessary for an applicant to be eligible for a credit card. Banks use the CIBIL score to determine whether it’s safe to give you a credit card. In some cases, your CIBIL score will be high if you’ve paid all your credit bills and don’t have huge debts. Banks can’t do a background check on you if you don’t have any credit history. This can disqualify you from getting a credit card. There are only 30 million credit cards in a country with 1.3 billion people.
That’s where ZestMoney comes in. Using ZestMoney credit is much easier than applying for a credit card because you don’t need a credit score to qualify.
Hidden Fees and Details
Many small details, starting with the fine print, contribute to significant credit card debt problems. There’s no doubt that the devil is in the details in this case. It’s essential to read everything carefully when you get a credit card. Your payment grace period may change without your knowledge, so that you may see a late fee. The interest amount on EMI payments should also be carefully checked as you may pay more than the product’s actual price. Therefore, credit cards are not your best bet if you’re trying to save more money.
Overspending and fees
The temptation to make impulsive purchases is high when you have a credit card with a large credit limit. Credit card debt is widespread because of it. In this case, people have difficulty paying back their bills in time, leading to late fees and higher payments. A credit card debt can then accumulate and spiral out of control. Charges can also accumulate on credit cards. Several banks charge an annual fee, which will raise the cost of owning a credit card.
This can harm your credit rating.
In addition to helping you build your credit score, credit cards can also cause it to slide. The only way to build your credit score is to make frequent purchases and make your payments on time. Defaulting on a payment can lower your credit score by 100 points. When your credit score is low, it will be difficult for you to obtain a loan.
Results will not come immediately.
You are unlikely to qualify for the most valuable credit cards with the best membership perks if you get a credit card for the first time. Banks will give you a basic plan to start with if you need time to build a good credit history and score. If you want to reap the benefits of using credit cards, you will have to see yourself through all the problems associated with using credit cards responsibly.
Also, Read – How To Delete Rapido Account?