Dear sir
mine is a different case, i am totally in debt trap of credit
cards, i want to come out of this trap, my total liability is rs.5
lakhs (different credit cards). Though i have gone for the settlement
the recovery agencies are disturbing me every now and then for the
minimum payment due. Which i am denying to pay, for the settlement i
want to take time from the various banks but these recovery agencies
are not allowing me do so. They are harrasing me even in the night and
in the early morning. I have surrendered all my credit cards to the
banks by a regd post ad due. In this regard please tell me whether i
am a defaulter in the eyes of law? What is the way out for this?

Please suggest me

waiting for your reply
h.raghavendra prabhu

Please do the following:

1. Phone the bank for settlement & not the recovery agents. Recovery agents do
not want to go for settlement as they get commission on recovering from those
who default.

2. Quote less than half price for settlement i.e. if your credit card dues is
Rs. 30000 you say to bank that you want to settle for 12000. They would try to
bargain and try to settle at less than half price.

3. When you go for settlement always make payment by chq. Ask for letter of
settlement from the bank . then deposit the chq in the bank . then the bank will
issue full & final settlement letter for no dues. THe transaction ends when you
have received no dues settlement letter from the bank. If you do not receive no
dues letter, keep on prodding the bank staff. Keep the names & phone nos. of all
the staff of bank till your agony ends.

4. Even if you have surrendered the credit cards , and laibility exists on your
card , you r defaulter in the eyes of the bank and recovery agents will keep on
bothering you. AS you r defaulter the case is in the hands of the recovery
agents. You should bypass these agents & talk to bank directly for settlement.
If you surrender your card , banks stop sending you the statements but laibility
keeps on increasing.


Regards

I have a HSBC Gold Credit Card, and around 14 months back I did some credit purchase on my card for approx. Rs. 46,000. After that due to some financial crisis, I have been paying the minimum due on my card every month without fail, though i missed the due date some time (twice). But despite paying the monthly payments for the last 12 months, the outstanding on my card is increasing rapidly and now it is almost double of what I have actually spent on my card. I talked to the HSBC custome care for full and final settlement and they said that I will be blacklisted after the full and final. Now I don't understand what to do, if I settle my dues, I will be blacklisted, and paying the whole outstanding will be like getting cheated of my hard earned money.
I am also afraid that getting blacklisted will refrain me from availing any loan from banks in future.
Please advice, I feel trapped.

I have got a notice from a lawyer for non payment of my HDFC card payment ,please help me what to do next since im in hospital now.

Hello,

Im having a credit card due of 46,000. The actual amount I need to pay is 30,000. Im not in a financial condition to return it now. I had taken this card from chennai, and all the contact details was in chennai. Now I'm at cochin, My current salary account is ICICI bank, will they take cash from my account? Will they threaten me by finding my address? My parents are not at all in a situation to suffer this. Please advise me

Originally Posted by Unregistered

Hello,

Im having a credit card due of 46,000. The actual amount I need to pay is 30,000. Im not in a financial condition to return it now. I had taken this card from chennai, and all the contact details was in chennai. Now I'm at cochin, My current salary account is ICICI bank, will they take cash from my account? Will they threaten me by finding my address? My parents are not at all in a situation to suffer this. Please advise me

Hi,

We do understand your predicament. Unfortunately, there is no way to escape paying your outstanding credit card dues. Please write to us at care@icicibank.com with your credit card details and we will respond with a solution.

Regards,
ICICI Customer Service Team.

Credit card bill,Control No:42,76,10,291.

HSBC CREDIT CARD – FRAUD AND CHEATING

I was holding a silver credit card of HSBC bank for many years. This card was issued to me stating that it is ‘FREE FOR LIFE’ and there are no joining fee or Annual fee or any other hidden fee at any point of time.

True to that, I was not charged any fees for the past many years UNTIL on 13th April 2010, they charged Rs. 700/- plus service charges towards annual fee plus Rs. 350 plus service charges towards annual fee of one add on card.

I sent an email requesting them to waive off the annual fees to customer care department in their email id info@hsbc.co.in on 14th April and I got a reply mentioning that there is no FREE FOR LIFE credit card and that there was some promotional campaign going on at that time, which is not there currently and I should pay the annual fees as above.

I wrote again saying that I was not informed of any promotional campaign earlier and also I was not informed of closing of any promotional campaign. I requested them to cancel the card immediately. They responded saying I have to pay the annual fee as above and then can take up request for cancellation through different channel, by writing to their office address or talking to phone banking.

I do not intend to make the above payment as I feel cheated by HSBC by giving false information and their deliberate intention was to cheat.

My questions are

1. Why the annual fee all of a sudden on a card promised to be FREE FOR LIFE?
2. Why the annual fee or joining fee were not charged in the past many years?
3. Why was I not informed of the promotional campaign to waive annual or joining fee at the time of taking the card? What are the details of the campaign?
4. Why was I not informed of the closing of the so called promotional campaign, if at all it were there?
5. Why was I not given an option to cancel the card before levying annual fees?
6. Why was I not informed prior to charging Annual fee.
7. My calendar cycle was from 14th to 13th of any calendar month. Why was the annual fee charged on 13th of April, which prevented me to cancel the card prior to charging the annual fee, as it was charged on the last day of the cycle.
8. Why was there no mention of the period for which annual fees are charged?
9. I know of one instance of such levy of annual charges and on request, the same was waived off on 15th April 2010, stating that the fee is waived due to some promotional campaign going on now. That means there is some promotional campaign going on now. Why was that promotional campaign benefits not extended to my card. Why this double standards of HSBC offering promotional benefits only to a few. In what way am I different from those?
10. Where can I take legal recourse and what are the legal remedial courses available to me from this daylight robbery.

Hi,
I have a Citibank gold credit card with current outstanding of Rs35,000. I was paying my outstanding regularly till about a month back when I lost my job. Now the credit card company is harassing me with calls right from 7 am in the morning till night. I want to settle my credit card with the PF I will get in 2 months. Can someone advise me on how to settle without the late payment fee etc which is a very high Rs700 per month. If I pay all the late fee and other charges I will be bankcrupt. Pls advise.

dear sir there is one issue one bank person is calling me again and again and using rubbish lanuage, he says he is calling from delhi police and he want me to take to the police station for 15days remand he is harrasing me again and again now he is using my phone no.s call details and calling to my friends , relatives and couligs and using rubbish words for me please help me out what to do regarding the same ??

Just go to the police station and lodge a complaint against that person. It is gimmick played by the collections people to remove money from the customers by scaring them.

I am specialist in settlement , have resolved more than 1572 cases .Credit card debth will be taken care and highest waiver possible .
Any personal loan issues also do not hesitate to contact me.

You should know your right ,Collection Agents are not supposed to Harass or annoy the defaulters however chronic the default be.

I am trying to help my citizens to fall in trap and thankyou to Consumer Court team for giving me this platform .

Please contact me for immediate resolution for this issue at banklegalexpert@gmail.com

Regards
Akshay

Hello sir,
i would like to tell you that the ICICI Bank issued me a credit card without asking me...but aferthat i have use that credit card. At the time of issunig a credit card i was a clooege student. I have just completed my graduation in this current year... I am not able to repay the amounts. i have said this to the bank in written that My father's health is not good so convert this Credit card amount in to personal loan and give me 36 or 48 installments...But the bank is denying to do so... This thing i have done before 3 years(Feb-2007 and Nov-2007) ago..but at that time i wasn't aware of the Banking Ombdusmen... after sometime they have given a threatning calls from person's like. "I am speaking from Delihi high court and we are currently in Ahmedabad.. and coming to arrest you"...without issuing any notice..
This things happened to me 4-5 times in this years...today also i got such call that" I Suchna Adhikari,District Court Ahmedabad, speaking and asked me call on some other number...but the said person hasn't mentioned that why he wants me to call a that particular person???
But i fear that it was for my credit card payment???
I would like to know that whether the person like (Suchna Adhikari) really call me from his own mobile to recover the payment of Credit Card on behalf of Bank or can order me to call someone else to solve the dispute??

Also i would like to tell you that we also have approached to the Bank's staff for the settlement but they are giving me only 2 installments which i can not afford to pay??
I dont have the Job right now?? And my father is also not able to pay the said amount by the bank in 2-3 installments??

Please help me.......

Dear sir

i am in deep trouble with credit cards, they are troubling me from day to night from last 9 months. I was regular payer of my dues before i lost my job. My track record with all cards was excellent, ICICI and CITI Bank had given me loan on phone by seeing my transction, they had all all processing charges, every thing and i had paid to them but now i am not in a position to my minimum emi dues to them, they are telling me to pay full amount with intrest and principal.

Please help me to get out this problem which is taking my life to down to earth. I also want to know they are telling that all companies are checking in CIBIL and i will not get a job with credit card dues on hand.

Please tell me how to handle this banks to settle the issues and clear my name in CIBIL. How the card holder can be confirm they will remove the name in CIBIL, if they settle the dues..and tell me the correct settlement process with the bank or collection managers. I am totally insolvent now to pay the dues.....

Please mail me to my id; hakeem490@yahoo.co.in

i am waiting for your reply at the earliest......

Nations Trust Bank Sri Lanka...it is with much regret and pain of mind that I write here ..so that appropriate action is taken against the said bank NTB. This bank is using hooligans to visit the clients' homes and abuse them in bad language and disgrace them in the presence of their neighbours, family and friends. NTB does this having filed action against the client in the courts. Furthermore, even though the client has not defaulted and could show the shortcomings from the bank, it is not accepted or admitted. To top it all, the bank calls for a mediation the date of which is notified to the client in writing at least 6 weeks ahead; but when all of their clients are present along with the panel for the mediation, there would not be any mediation as such..the bank simply tells you to write your name and place the signature in of their registers. When queried as to why there is no mediation taking place...they simply ignore it or tell us that is what mediation is all about. HOW HILARIOUS CAN THEY GET...SERIOUSLY?The bank should be made to apologize in public and should be made to make compensation to the victims of defamation by the bank. The International headquarters is notified of this too. but to date, there is no response.