Hi Sir,
I am a working lady, I used to have a credit card of Barclays bank with the limit of 54000/- for which I failed to make the payment because of strong financial crisis, now I am financial stable and ready to pay back the amount. From last few days I am getting threatining calls from Kotak Mahidra Bank (Against the payment of Barclays bank). When I asked them about this they said Kotak Mahidra has done a agreement with Barclays bank regarding collection. and then they started calling me on my mobile and landphones for payment. (And they are using harras language and also maltreating me. Eventhough I told them I can pay 30000/- Rs which I can do and I dont have enoughy money to repay the entire amount. By hearing this they started very bad languages.
I am totally depressed because some lawyer from their side came to my office and said I will sue you in court.
By hearing all these I am in fear and depression. I have few questions, plz guide me
1) Can Kotak Mahidra bank call me on the behald of Barclays bank ltd? I boorowed the money from Barclays not KOtak
2) I am ready to pay 30000/- in four installments (1) 15000/- (2) 5000 (3) 5000 (4) 5000 which they are not agreeing at all and threatning me
3) What are the legal procedure against this card payment, if they sue me what will be the problem arise
4) How should I approach them.
Waiting for your reply
Prerna