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Q. Credit card written off

I have used my credit card and my dues around 4 lakhs, including interest and all charges. I want to sort out the Issue without
effecting my cibil , but bank person as given option of settle or full settle or Emi option for total dues.. But the amount of dues is actually double of Principle amount. I want to reduce the interest and other charges..is there any solution for that??
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A. speak with the bank officials. However if you don't want your CIBIL affected you should pay the full payment which can be either one time lump sum amount or emi option.

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 2 months ago

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A. Dear Sir,
In principle, your bank is the right organisation to talk on the subject.
You must remember that banks are not charitable institutions /organisations.
They are for profit.They make money at your cost and rules are framed to suit their needs.
Nationalised banks are slightly different.
Shanti Ranjan Behera
Advocate

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Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 2 months ago

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A. Dear sir when Ur EMI. Payment has been due . Any such movement . Ur CIBIL will be affected already. U should approach to the court for settlement. It is better for you .

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 2 months ago

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A. Dear Sir
You may approach Banking Ombudsman

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A. U should try to solve amaicably.

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 2 months ago

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