Hello Sir, I am Surya from Hyderabad, this is regarding my credit card payment,
through my credit card I utilized an amount of Rs.40,000/- but over a period of time I paid almost Rs.55,000/- on different dates, still my account shows a debit balance of Rs.1,00,000/-, what shall I do. It seems all my payments are adjusted against penalties and interest. at what percentage they have right to collect interest. please suggest me.
1 Answer from Attorneys
Instead of paying adhoc amounts to the Credit Card company and the matter prolongs and goes on and on, the best way forward is for you to negotiate a one time settlement and pay off the credit card company, obtain a "No dues" certificate from the credit card company; and shift over to a new credit card company.
Related Questions & Answers
My Brother sent me a mobile phone from Dubai. After few months of usage the Mobile... Asked 5/23/13, 11:44 am in India Consumer Law
I purchased a Tv from abroad, and bought it here when i shifted to india. It was... Asked 5/23/13, 11:02 am in India Consumer Law
I purchased a karbonn mobile on 8 march 2013.it dead on 22 april.i submit to... Asked 5/18/13, 4:10 am in India Consumer Law
Sir, in 2010 i have filled acase in consumer court. in this case bank (sbi)had... Asked 5/17/13, 2:50 am in India Consumer Law
In 2008 I booked a flat with a certain builder enlisted with a reputed nationalized... Asked 5/16/13, 3:58 am in India Consumer Law