Credit cards
Margaret
(Querist) 19 June 2015
This query is : Resolved
Hi,
I would like to know a solution. One of my friend has his very own credit card.
On the time of application he just gave my name as references and his permanent address as mine.
He have default his card & not making payments. Will this lead to any problem to me. I have property in my name and savings account in the same bank.
Could you please advise.
Thanks
Margaret
Anirudh
(Expert) 19 June 2015
Nothing. You will not get affected by his actions. In case anyone approaches you, you say he had left long long ago. That's all.
Guest
(Expert) 19 June 2015
Ms Margaret,
Are not you kidding? Your query is purely a hypothetical academic query, which has no substance. Do you believe that the credit card company would have issued the credit card to your friend simply by giving your name and address, withhout verification of his idenity and address proof?
Margaret
(Querist) 19 June 2015
@ Anirudh Sir.. Thanks for your answer
Margaret
(Querist) 19 June 2015
@ Dhingra Sir,
You will not believe i faced too much of argument with the bank two days back.
They said the contact number is mine.. They
have verified at the time of card issue.
Also my address is given as permanent one. I was not sure how this happen without my knowledge. Now the person is now available so they say i'm liable to make the payment of 1,50,000.
Too headache it was & silly too.
I have my own card, Loan and i'm making payment for those.
Thanks
Margaret
Kumar Doab
(Expert) 19 June 2015
During the physical verification if the bank failed to check the KYC docs then Bank/banker is at fault.
The CC is not in your name, you have not borrowed hence the Debt is not in your name.
You have probably not signed as reference also on CC issuance form. Moreover the reference may just mean that Bank/banker can make an inquiry from person under reference however it is the pleasure of the person whose reference has been given to state anything or not.
Take a copy/snapshot of their I.cards and collect visiting cards too, Record (audio/visual) and build record and ask them gently to not to call you or come to your place and communicate by letter thru Redg. Post only and it they wish they may go to court.
Keep a watch on your CIBIL record and in case of any foul play pull them to court.
Guest
(Expert) 19 June 2015
Ask the bank to provide you the identity proof and address proof, as would have supplied by your friend to the bank and check how that happened and what loopholes are there.
Your name as eference, unless signed as witness/guarantor, or the address does not make you liable to pay for the debtor.
Margaret
(Querist) 19 June 2015
@ Kumar Sir,
Thanks for your direction. I have not signed any.
Regards,
Margaret
Margaret
(Querist) 19 June 2015
@Dhingara Sir,
Thanks a lot!!!
Margaret
Kumar Doab
(Expert) 19 June 2015
You will always have the option to write to MD of the bank to supply you the certified copy of the CC issuance form,KYC docs, physical verification report, OSV marked by whom, CC passed by whom based on verification reports etc.............. and why anyone was sent at your address without any prior notice by the Bank/banker and prior permission/appointment and why the person did not carry the I/Card and letter written by bank etc?
Further , your lawyer would take care of the matter.
Margaret
(Querist) 19 June 2015
@Kumar Sir,
I understand.. After raising the complaint to the MD only the person came to my house.
He have provided me the visting card. He is from bank. He carried the application with him. In that he has the reference name of mine and all other supporting documents of the applicant.
I saw my mobile number is given for contact & my address is given as permanent address for my friend. But now i was not in touch with him and no contact numbers available.
The banker was very rude to me. And he simply says i'm liable to make the payment. That's why i got confused.
Thanks
Margaret
Kumar Doab
(Expert) 19 June 2015
Next time keep an evidence/witness/audio-visual recording, security guard, women police, Mahila Morcha etc ready.....................so that he/she is virtually caught by nose/ear if he/she is rude.............
You are mistaken that he/she came since you wrote to MD.
He came with MD's message that you need to pay.
If you have acquired the copies then write the minutes to MD and make him/her the party. Your counsel may opine that this is like extortion...........
By the way which bank it is!
Margaret
(Querist) 19 June 2015
It is HDFC bank.. Sure Sir i will make some evidence. I will keep all these points in my mind and shoot them with question if he raise me any questions.
Thanks
Margaret
Kumar Doab
(Expert) 19 June 2015
You have already clarified to Bank/bankers that came to you before you wrote to Aditya Puri, MD of M/s HDFC bank, after you wrote to him.............
M/s HDFC bank as per various publications is popular for such acts and has been penalized many times...................however it does display the traits of a habitual offender.....
You can lodge police complaint as well.
Your counsel may opine that it amounts to defamation as well.
If such is the conduct of the bank then you may cancel the a/c maintained with M/s HDFC bank even if it is salary a/c..........
Make them more popular amongst your community,friends,peers, relatives, colleagues etc..................This would fetch you moral support too at the time of need.
Margaret
(Querist) 19 June 2015
First i got a call asking for a card holder. Then i wrote to Adithiya Puri.
Next they came to my place with the documents.
That time the conversation happened. I have told everyone. All my family was there when i spoke..
If this again happens i will get in touch with you. For assistance.
Thanks
Margaret
Rajendra K Goyal
(Expert) 19 June 2015
You are not liable if you have not signed any guarantee paper.
