Hi experts .
i have using the credit card from last one year from three different banks , every thing was running normal, due to the one of my family member fall ill , i have to use my all savings . now the situation came that i hardly manage to pay even the minimum due , i have talked with the bank regarding the issue i am facing in details even i have mailed to them explaining my financial hardship to pay as i am the sole earning member , recently my father lost the job due to long term illness ,
from last 4 months i have not paid any cc , i am getting calls from the recovery agency even i explained them of my problems , they all are taking in harsh language , they visited my home even the office . they said that they will sell my house in order to recover the dues or send me to jail as if i am a criminal .what to do at this ??
the total outstanding of all the credit card is around 90 k which include all the late payments charges and interest charges . i want to settle the dues with the bank the amount i am offering they are not accepting , frankly i have a home loan running with a govt bank , even taken up the personal loan during the emergency , i hardly able to make savings . i accept that i am the defaulter but this situation can come to any ones life , i know that my civil score has been destroyed that affect me in long term .
is it possible for the bank to take the possession of the home in order recover the dues , i have never defaulted in my home loan and even the credit cards that i have defaulted is from the other bank . at what extent they can go ??? i am living in fear , my job performance has been degraded due to all this harassment . what the legal action they can take ??
kindly help at this situation .
Regards
