Unable to pay credit card payments.
2 years ago
Hi,
I am unable to pay credit card bills due to unforeseen Covid situation. I don't have savings either nor property. Please suggest what should I do ? Will bankruptacy help ?
A.Dear Sir,
Remedies against harassment by Recovery Agents
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. After that, she moved to the police, and a case was filed against these agents. Another incident quoted as per media reports stated that a private bus was halted, and 42 travellers were held hostage for three hours by recovery agents, who needed to recover money from the travel company that owned the bus. These cases affirm that recovery agents/offices are feared in India. A recovery agent seeks clients and organizations that owe instalments to banks. Many of these recovery agents collect the banks' clients payment dues for a charge or a percentage of the total amount owed. These agents are generally a third-party
You may get issue a strong legal notice file a Suit for Permanent Injunction against Recovery Agents and Bankers.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
You can approach the court if any of the parties filed a case against you for the default and raise these issues. You can't escape from the liability to pay but can seek for getting more time for the payment.
Thank You
If you do not pay bills on time, you can be sued for that by the aggrieved party. You can raise this claim in the court for getting more time for the payment. Submit all the documents supporting your claim in the court.
Thank You