Credit card payment

As per RBI guidelines the Bill should be supplied 15 days before due date.

Here the CC companies including M/s SBICPSL that uses M/s State Bank of India  Logo and is a company of M/s SBI in joint venture with M/s GE Money in which Directors of M/s SBI are also on board of SBICPSL shall claim that bill was sent by ordinary post.

The responsibility of the CC company is to supply the bill on the doorstep of the customer and is not over by claiming that bill was sent.

If these companies are serious and genuine and sincere than they shall dispatch the bill by redg. Post.

It is not sent by redg. post because the companies start levying penal charges that are to the tune of 3.75%/month=43%/pa.

Although the National Consumer Disputes Redressal Forum has also advised on usurious rate of interest.................

https://ncdrc.nic.in/CC512007.htm

They won’t provide any proof of delivery.

In which business you get this kind of return.

Then the arm twisting starts by showing delinquency and reporting the default in payment.

M/s SBICPSL as per various publications and judgments won’t agree to waive off any penal charge and in the end you shall need to approach consumer forum.

Hence you may approach a lawyer dealing in CC/Consumer matters and  get your name deleted by order from DCDRF from CIBIL and also get the revalidated card and to send all bills by redg. post only and waive off all penal charges.

The DCDRF may order compensation, payment of legal expenses that can cover lawyer’s fee paid by you.

If you wish you may try with M/s SBICPSL but it is for sure that this CC company shall treat is as ‘settlement’………………….

Settlement is an adverse entry in credit history maintained with credit bureau's like CIBIL..................

By now delinquency would have been recorded in credit history maintained with credit bureau's like CIBIL.

While you negotiate demand in writing that bank should 'Waive off' and not 'Write off' and the settlement shall not have any adverse bearing on your credit history, credit worthiness, and loan taking ability in future.

Better take the help of lawyer handling banking, consumer matters.

There are many threads on CC that you may find relevant e.g;

https://www.lawyersclubindia.com/forum/Standard-chartered-and-shaha-finlease-95120.asp#.Utl35tK6a3Y


https://www.lawyersclubindia.com/experts/Credit-card-problem--446451.asp#.Utl4H9K6a3Y


https://www.lawyersclubindia.com/experts/Credit-card-defaulter-time-limitations--446061.asp#.Us7ig9IW1MA


https://www.lawyersclubindia.com/forum/Harrasment-by-icici-banks-recovery-agents-76271.asp#.UUc5U0pFZ_4

https://www.lawyersclubindia.com/experts/Credit-card-debt-448106.asp#.UvpMrEeBmXU

https://www.lawyersclubindia.com/forum/Standard-chartered-and-shaha-finlease-95120.asp#.Usvvc9IW1MA

https://www.lawyersclubindia.com/experts/Credit-card-payment-443961.asp#.UsvwjNIW1MA

https://www.lawyersclubindia.com/forum/Credit-card-robbery-fraud-in-china-94830.asp#.UsvwUtIW1MA

https://www.lawyersclubindia.com/experts/Harassment-by-recovery-agents--442841.asp#.UrhGa9IW1MA

https://www.lawyersclubindia.com/forum/Harrasment-by-icici-banks-recovery-agents-76271.asp#.UUc5U0pFZ_4
https://www.lawyersclubindia.com/forum/Salary-account-freeze-without-my-notice-95425.asp#.UswXWNIW1MA

Dear Mr. Kumar Doab,

Thanks for your valuable guidance. 

One more thing I would like to know for what period is the said block valid if we are not going by proper channel & closing the issue. And what all can suffered due to the block.

Regards,

Anup K

If you do not admit the debt on record then it may become time barred after 3Y and recovery of time barred debt can't be enforced.

The deliquency, default, status as defaulter may remain in credit history for 7Y or even longer.

Consult your lawyer in person.

Dear Mr. Kumar Doab,

Thanks for your valuable guidance.

Its seem already 3 year has lapse for the said instant. Also in view of people not having information about the said thing can't file a legal case after 3 year also.

Please confirm?

Regards,

Anup K