Credit card issue
devakumar
(Querist) 10 April 2012
This query is : Resolved
I had a credit card from Standard charted bank from 1999 to 2003. Some issue of charing on late fee and intrest i have not paid the dues. Finally collection agent has come for the settlement and i paid one time amount and collected the lettter. From 2003 to till date i have not received any bill or any communication from the bank.
On my own i have applied CBIL report and found that my credit rating is 838. and a member Name "Shaha leasing" shwoing over due amount of 7,oo,888/- .
I have raised a on line dispute to CBIL who is this "Shaha Leasing" and i have not taken any credit card from the company.
They replied its Standard charted bank collection agency.
I have send a mail to Shaha leeasing to closed the issue.
Shaha lease has creted one more entry and showed my credit limit is 65000/- and wavied amount is 88,999/- as on date out stanidng is 12,35,455/-.
Due this double entry my crdit rating has come to 655 from 838.
Please suggest how can i solve this issue?
How much money i have to pay?.
To whoom i have pay?
Devalam
SAINATH DEVALLA
(Expert) 10 April 2012
Dear Devakumar,
These credit cards are as sweet as honey when you receive and start using.But when it comes to repayment we treat it as bitter gaurd.(Karela).Umpteen times I have given replies regarding credit card mafia's operating in almost all the cities.Why should you close your acount with the recovery agency.You should have gone to the concerned bank and paid in your acount directly and obtained aforeclosure letter from them.Even if that particular bank was not available in the place you stay,you could have drawn a DD in the favour of your credit card account and sent to them.
Sankaranarayanan
(Expert) 10 April 2012
Those amount is not enjjoyed by you then you write the details to the banker along with the proof of payment you made as full and final setllement. More over after 2003 no communication from the bank then the limitation od sue is expired. You ignored it
