Hi Brothers,
I had taken multiple credit cards in the year 2007 when I was working as a software engineer...my credit history was healty upto 2010 when recession closed my company(my comp not paid my salary for one year) ... After that I was totally down with so many instances of harassment of the credit card agents for payment of money...I broke down my health and went to home .. since then I'm not at all working anywhere and my brother came to my rescue to settle my credit cards, he had spoken to banks like HSBC, Axis,SBI and ICICI...
They are all talking to my brother about full settlement and when he informs them to send a letter of settlement of that particular amount.. They are lagging and not at all showing interest for years together
I got a letter from AXIS last month to come for lok-adalath... I visited it after travelling for 400kms to the destination.. Axis bank people were sitting outside the Dy Registrar cabin and they told that my card limit is 40000 and I need to pay 96000 with all fines.. I told them that I can pay 20K as I had collected that money from various sources... They are hesistant and came to 48000 and the same answer came from Dy registrar too.. I wondered that how lok adalath cases will be, they are not in a position to listen my words and what they told is final...
Today I got a mail for settlement of 40000 in single EMI and if not paid then they want to send the summons to me from the court..
Can u please tell me what to do now...I dont no anything...
Please help me in this situation.
regards
Chakram
