Urmish Shah 27 March 2018

reply of Notice

I have credit card. I have settled my debts through settlement. I have paid last installment 7 days only so bank not accepted settlement. Bank sent notice through lawyer. What is the further step? Please guide me.

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9 Replies

R.Ramachandran (Advocate) 27 March 2018

When you say "I have settled my sebts through settlement" have you any written agreement with the bank and you settled according to that written agreement?

Urmish Shah 27 March 2018

They have sent me a mail showing settlement.

Urmish Shah 27 March 2018

I have replied bank, I am ready to pay Interest and penalty for sevan days late but bank not accepted.

Vijay Raj Mahajan (Advocate) 27 March 2018

Meet bank official in person to sort out the issue that will help you to resolve the matter.

Urmish Shah 27 March 2018

They offered second settlement. For Rs 62000.I have not enough money also.

Urmish Shah 27 March 2018

Can I settle through court? Because I have no trust now on SBI.

R.Ramachandran (Advocate) 28 March 2018

Do you think it will cost less, by approaching the Court? What about costs that you will incur in approaching the Court? What is the guarantee that the court decision will be in yourr favour? Even if it is in your favour, what is the guarantee that the bank with all its financial powers will not appeal against the said order in higher court?