Credit card overdue
11 months ago
I had opted for a HDFC credit from their own banking app , Used the card for sometime and repaid on time for 3-4 months and after a while a met with an accident and had to repay for the damages so I had to utilize the credit card . And in the meantime I lost the job and was not able to pay minimum due , I tried and paid lum-sum amount in march 2023 after that I couldn't pay . They have marked as "Suit filed wilful default written off settled" What should I do ? Currently I don't have a job , pursuing my education.
A.You were issued credit card by the Bank following the standing policy and accessing your repayment capacity when you are in employment. Now accessing your outstanding status they started their routine process for recovery of dues from the credit card holder and accordingly their course of action is intimated to you. So far the terms and conditions of Credit Card are concerned, no excuse of the defaulter is allowed or entertained, you may take a chance with the Bank opting for one-time settlement(OTS) of your dues. Bank may agree considering your crisis.
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A.Dear Sir,
You have to check with the Bankers and try to bargain with them to extend the time by producing all the evidences that you are an unemployed.
You have to check with the Bankers and try to bargain with them to extend the time by producing all the evidences that you are an unemployed.
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