Legal Question in Credit and Debt Law in India

hi , i am holding a credit card of limit 1.8 lacs in which one year back i have purchase some thing of around 90th, from that day i am paying minimum payment in which interest rate is very high as becoz of this till date amount is deducted to 2th only. when i asked bank to convert it into my emi they said no. Now i have stop making payment to them it's not that i d'nt want pay but no at this cost. Can you advice me what can i do for this to convert into my emi as i d'nt want to become a defaulter.


Asked on 3/31/12, 1:29 am

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

approach the bank for settlement or consumer court for redressal of grievances.

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Answered on 4/04/12, 12:36 am


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