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

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you may contact that NBFC.

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

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first of all contact the new organisation ....

and try to settle amicably...

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

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