Credit card

Querist : Anonymous (Querist) 05 December 2020 This query is : Resolved
Hi,

we have be staying out of India since 15 years and recently we have start receiving message regarding credit card due settlement amounting to 3 lacs. it seems the bank has been charging interest and late payment charges since 15 years. can you please advice how to proceed.

Regards
Saif

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Guest (Expert) 05 December 2020
Just Ignore it . Time Limit for such claims already exceeded and even if you make a small payment now it would be renewed

Message likes : 1 times

Rajendra K Goyal (Expert) 05 December 2020
If you have not acknowledged the liability in previous 3 years, the debt is time barred.

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Advocate Bhartesh goyal (Expert) 05 December 2020

Yea, debt is legally not recoverable as it has been time barred.

Message likes : 1 times

Querist : Anonymous (Querist) 05 December 2020
Thank you for your advice!

A. A. JOSE (Expert) 06 December 2020
IF YOU RESPOND, BANK WILL BE TOO HAPPY TO PROCEED AGAINST YOU. YOU MAY LIKE TO IGNORE AND DON'T ACCEPT ANY KIND OF NOTICES FROM THEM.

Rajendra K Goyal (Expert) 06 December 2020
Yes do not reply any letter accepting any liability regarding outstanding.

Dr J C Vashista (Expert) 07 December 2020
Well analysed and advised by experts, I agree.

Message likes : 1 times

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