Setalament of Credit Card Bills?

Question

Hello Sir, My Name Is Ashok Behera, Before2.5 years i was using  your bank credit card. continue pay my bill amt 5000-6000 every month but outstanding is heavy, i had lost my job.i did not know about that company.then i started work in that company. but after 1 month i did not get my salary, only food money they had provide every month. that time my bank credit card bill was 65000 now 98000. so many time i mailed to bank credit card regarding this they did not rply to me. i am unable to pay all money . please do something for me . help me out of this problem. I want to settle 2 YEAR my account because now i am not in position to pay all amount.
 

Answer 1

Dear Ashok,

At the outset, let me clarify that this site is designed by a group of senior Banking Professionals to assist Bank Customers at large to provide guidance for resolution of any complain/query/grievance in respect of financial services. This site does not belong to any Bank or a regulator, which may please be noted.

As mentioned above, this site is meant for providing guidance for resolution of service related grievances. Accordingly, the issue raised by you  does not fall within the objectives of the site. Nonetheless, I would suggest you to meet with the concerned officials of  the Bank for a negotiated settlement to maintain CIBIL  score. On the other hand,  if you are truly not in a position to settle your dues and the Bank is convinced about the same, there will be little scope for any further recovery action. However,  you have to factor that your credit score will be severely impacted and you may not be able to obtain loan from any bank/institutions in future.

Regards

 

J R Mohandas