Legal Question in Credit and Debt Law in India

I have left out some due amount of RS.17,000 in my HSBC credit card and after 3 months I paid the amount 12,500 through collection agent in (5 * 2500) 5 times. After that I left the due amount and the collection agent also stopped coming. Now they updated the due amount 1 lac in CIBIL. and when I called the bank they are saying that the debt was sold to some other non-banking company contact them for the settlement. How I need to settle this. Please advice.


Asked on 10/11/11, 9:46 pm

2 Answers from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

you may contact that NBFC.

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Answered on 10/12/11, 1:03 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

first of all contact the new organisation ....

and try to settle amicably...

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Answered on 10/15/11, 11:06 pm


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