Legal Question in Credit and Debt Law in India

Dear Sir, i was holding citibank credit card from 2000-2006.made prompt payments/minimum paYMENT upto 2006.I took 40000 to help a friend for his fathers surgery..friend cheated with that money.i made around 7-8k payment towards min amount. during 2007 mid a agent approached my office and gave a offer to make Rs.4747 in 24 installments through ECS and first payment through cash.I had no choice as it was at office and made a cash payment for 4747 and gave acceptance for ECS and 4 cheques towards security. He was supposed tocome and give the receipt which he never came and gave.But i had taken ack from him. Had informed to communicate the date of deduction so i could keep the funds ready. They never came back. I lost job in jan 2008 and relocated to my husbands place. During Mar 2012 i came to know from the previous landlord at my husbands place that citibank guys came in search of me.Now thay have got my husbands number and from that his office address and are clling him frequently for which he has not responded. Now i donot have a job to make the payment. Spouse is supporting my parents also. I am suffering from cronicle disease. please help me .please guide me


Asked on 5/10/12, 3:11 am

1 Answer from Attorneys
Santosh Dash Legal Consultant

In case the debt is time barred (which i dont think- for that there should not be any communication/ payment from your side for at least 3 years), you can be relaxed otherwise i dont see any option for you rather to pay. Send mail the details to see if i can do something for you at the cost of happiness of a person being cheated by her friend

Read more
Answered on 5/10/12, 4:18 am


Related Questions & Answers

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