Credit card settlement

Your name may continue to feature in CIBIL, SATYAM and another credit rating agency approved by RBI recently after option of settlement.

The company has the option to  record in CIBIL and other credit rating agencies even if your name is withdrawn:

settlement/court case etc.

This shall reflect negative  on your credibility.

You may escalate your complaint to the principle officer of the bank i.e MD and company Secretary in writing stating facts and lodge your protest for unfair trade practices, malpractices, willful default in service,and collection of amount more than principle and extorbitant charges......and claim refund of amount more than principle amount

You may not write like you can pay in 2 installments.

Obtain legal help.Your local lawyer shall be able to help you to come out of situation gracefully and claim your hard earned money.

Be careful and do not fall into the trap of  debt in future.

Dear Priyesh dont make any payment or settlement. Your matter is of the year 2007 and is barred by the LAW OF LIMITATIONS. So dont make any payment and if in case they harasses you, file a complaint in consumer court against them. Tell them to take a legal way, they cant do anything.

Dear Mr. Rakesh

Kindly clarify:

The email sent by Priyesh on 30/10/2010 shall amount to acknowledgment of the debt or not?

If yes the debt shall continue to remain time barred, or not?.

Thanks to all who have assisted in the said querY!