dear Sir/Madam,
i am an ex service officer from the Indian army. I am holding a citi bank credit card from 1989 onwards. and a personal loan from icici.
till end of 2009 i have been very very prompt in repayment of the monthly instalments.
i ventured into agriculture in 2008 and have suffered huge losses due to crop failure. my entire crop has wilted due to disease and i am left cashless and also have to fund the replanting process. Also one of my creditors who had to give me a substantial amount of money (7 lakhs) commited suicide, putting me into more financial disaster. due to the above reasons, i have not been able to pay my dues properly to icici and to citi bank. i have explained my situation to icici and asked them to lower my monthly instalments so i can comfortably pay it. they simply refused and i had no option but to default. even now i am saying i will pay the balance but to give me some time. for a balance of 3 dues they are now demanding close to 1,80,000 from me. they have been continously harassing me over phone, visiting my house and demanding the full amount for closure of the load.
the same is happening with citi bank. every day i recieve atleast 4 to 5 calls during the day, with the same demand for paying up. i have explained my difficulties and asked them for some time before i come uptodate with my dues. they listen to me and then the old story starts again from the very next day. i feel mentally depressed when i get these calls, because , right from 1989,when i got the citi card till end 2009 i have been paying them with the utmost promptness, even now i tell them that the intention is not to repay but i need some time to reorganise and start getting some income before i can become uptodate but they do not listen.
now please help me over come this. or will become a likely candidate for farmer suicide.
regards