Is credit card non-payment leads to legal actions? If so what would be the legal
3 years ago
Is credit card non-payment leads to legal actions? If so what would be the legal proceedings/ consequences?
A.Dear Sir
It is civil offence and at the most your movable properties may be attached.
Please give me RANK FIVE (5) if my answer satisfies you.
It is civil offence and at the most your movable properties may be attached.
Please give me RANK FIVE (5) if my answer satisfies you.
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Anurag Bhati
Responded 3 years ago
A.Yes credit card non payment will lead to Legal actions by bank , they may freeze your saving account in same bank . Non payment may affect your Credit ratings CIBIL score for future credit needs. Also bank or their collection agents may harras you as well. you should ask time for time from they .
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#Legaladvisenoida
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Suneel Moudgil
Responded 3 years ago
A.the credit card issuing bank/FI can initiate legal action against you by way of filing a civil suit for the recovery of the outstanding amount,
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