Legal Question in Credit and Debt Law in India

i am credit card defaulter of several banks since last 5 years as my financial conditions are very bad i am not able to pay them please help me in the matter what can happen to me to the extent? Please help


Asked on 9/15/15, 2:49 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

15.09.2015

Dear Sir / Madam,

At the worst, in the event of failure to repay back your credit card dues, you may be imprisoned for a duration dependent on the total amount of dues as decided by the Court.

Regards,

Read more
Answered on 9/15/15, 3:15 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India