Legal Question in Credit and Debt Law in India

I am using credit cards from past 10 years and few months ago I suffered from severe heart attack and now at present I am unable to pay my card dues and their persons are making harrash calls and they come home frequently and they show me fear of legal action by court . please suggest me as early as possible thanks


Asked on 5/16/16, 1:38 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

16.05.2016

Dear Sir / Madam,

Any business run with the mind succeeds. The Bank does business strictly with the mind ... if you owe them money on any pretext say credit card, loan, overdraft, etc you ought to repay and settle it else face legal charges. You should negotiate a settlement with the Bank, repay and settle the amount agreed for settlement between you and the Bank and close the matter.

Regards,

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Answered on 5/16/16, 9:07 am

1) First verify ur bank credit card a/c statement whether in order.

2) Negotiate with the bank and go for OTS.

3) Bank will not let u go free and recover its dues from ur other assets.

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Answered on 5/19/16, 6:04 am


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