Credit card
ashok pardesi
(Querist) 18 August 2011
This query is : Resolved
sir/madam,
I surrendered my cc in the year mar 2005 and outstanding balance on that day was rs 39000 thousand i paid rs 60450 against my outstanding amount of rs 39000/- but still by forcing many charges continuously they made the amount 52000/- more to be paid over and above which i paid i,e 60450/- where as i have not used the card after 2005 and last amount as 39000/-. what should i do, i am getting notices from different lawers , what action can be initiated against me , please reply.
ajay sethi
(Expert) 18 August 2011
1)generally interest on credit cards are at 36%per annum
2)you should always make attempts to clear your outstanding bills .
in the event of your failure to make payment bank will levy you interest and outstanding keeps on mounting .
3)if you do not pay bank will file civil suit against you for recovery of outstanding dues .
4) approach the bank and try for one time settlement
Advocate. Arunagiri
(Expert) 18 August 2011
If you have outstanding amount Rs.39000/-, why you have paid Rs.60450/-. You have to give date wise events, for getting a clear solution.
prabhakar singh
(Expert) 18 August 2011
yes i too call for info desired by Expert Advocate. Arunagiri
Adv. Santosh Mahanor
(Expert) 20 August 2011
Dear Friend,
you can contact to Banking Ombudsman, you can find Address and Area of Operation of Banking Ombudsman on following link
http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=164
RAJU O.F.,
(Expert) 21 August 2011
Better issue a Notice describing your grievances and requesting to stop their torture and informing that if any further claims made, you would be constrained to take civil and criminal actions in proper forum. Later if necessary, file complaint before consumer forum.
Guest
(Expert) 25 August 2011
I agree with experts
