Legal Question in Banking Law in India

I got a credit card from a bank with limit of 12 thousand. and I used it for only 6 thousand. I maid frequent pament in initial months. But, unfortunatly I unable to pay the same till now. and I refused the calls from bank and the same time I received legal notice from a lawyer stats, that I need to pay nearly 34 thousand now. Please advise to reduce the amount. Please note the credit limit is only 11 thousand now.


Asked on 3/25/13, 5:48 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

25.03.2013

Dear Sir / Madam,

(Gowriwakkam, Kanchipuram, Tamil Nadu)

You may pay-off the exact amount of usage (based on charge-slips) on your credit card till date and write to the bank informing them that you will settle the dues at the earliest.

If there are any excess billings on your card, you need to inform the bank to reverse the wrongly debited charges to your account.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 3/25/13, 6:45 am
Sanjay Kalra Sanjay Kalra & Associates

Dont panic. When was the last time you used your card? Try to talk out with bank officials by meeting them personally . They would understand your inability to pay and would give you some relief..Dont talk anything about your delayed payment or your card payment on the phone.....................Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 3/25/13, 7:29 am


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