VASUPRIYA 17 April 2017

Credit card dues

Dear All,

I need a your valuable suggestions on credit card due payment, I was using ICICI Bank credit card in the year 2009 (last used) and personal loan taken in the year 2008.

This personal loan had taken in my name and utilized by my friend for his marriage and repaid monthly EMI for 15 months through my savings a/c only. Unfortunately we both meet in accident in the year 2009, in that accident my collegue had expired and i got seviour injury and become partly disabled. At tat time i was hositalized for two years, during this time i was unable to pay my personal loan and credit card due around of Rs.2,21,000/-

Due to this i was shifted to different place for my medical treatment, during this days, banker has not tried to contact me or even i have not tried to contact the banker to repay the outstanding.

Now after nearly passing 8 years, some how banker have contacted me to recovery the money through recovery agents, now they are asking me to settle the amount of Rs.4,00,000 in one single payment. Due to my health conditions now also iam not unable to repay this huge amount.

Now my question is to you all is, is there is any provision in RBI to forgoes the outstanding amount, since its a nearly8 years old dues, if not means, what will be consiquesce of not repaying the outstanding amount. If they provide some time nearly for 1 year means i can do something and repay the outstanding amount in part. But for this they are not agreeing and they are very aggresive in collecting the payment. They are behaving like rowdies and threating through phone calls and using bad words to me and my family.

Please help me out,how to handle this situations in the perview of law. Since iam already suffering lot by becoming handicapped. Iam not in a situation to fight with them. Please Help me out..

Waiting for immediate reply for this..

Regards,

Vasupriya

Reply Follow

10 Replies

Kumar Doab (FIN) 17 April 2017

If you have borrowed you should have paid.

You could have explained the accident, being bedridden, etc etc

Kumar Doab (FIN) 17 April 2017

At the same time M/s ICICI bank can not be rowdy.

Record all calls/visits etc .

The debt seems to be hopelessly time barred.

Kumar Doab (FIN) 17 April 2017

There are many threads on such rowdiness at LCI that you can search in ‘SEARCH” options and download the relevant rules, details, citation etc etc………………….and approach the authorities as deemed fit.

https://www.lawyersclubindia.com/search_results_custom.asp?dir=experts&q=harassment+by+ICICI+Bank+recovery+agents+&B1=GO

e.g;

https://www.lawyersclubindia.com/forum/Harrasment-by-icici-banks-recovery-agents-76271.asp#.UUc5U0pFZ_4

Kumar Doab (FIN) 17 April 2017

e.g;

https://www.lawyersclubindia.com/experts/Credit-card-payment-473636.asp

https://www.lawyersclubindia.com/forum/Standard-chartered-and-shaha-finlease-95120.asp#.Utl35tK6a3Y

https://www.lawyersclubindia.com/experts/Credit-card-problem--446451.asp#.Utl4H9K6a3Y

https://www.lawyersclubindia.com/experts/Credit-card-defaulter-time-limitations--446061.asp#.Us7ig9IW1MA

https://www.lawyersclubindia.com/experts/Credit-card-debt-448106.asp#.UvpMrEeBmXU

https://www.lawyersclubindia.com/forum/Standard-chartered-and-shaha-finlease-95120.asp#.Usvvc9IW1MA

https://www.lawyersclubindia.com/experts/Credit-card-payment-443961.asp#.UsvwjNIW1MA

https://www.lawyersclubindia.com/forum/Credit-card-robbery-fraud-in-china-94830.asp#.UsvwUtIW1MA

https://www.lawyersclubindia.com/experts/Harassment-by-recovery-agents--442841.asp#.UrhGa9IW1MA

https://www.lawyersclubindia.com/forum/Harrasment-by-icici-banks-recovery-agents-76271.asp#.UUc5U0pFZ_4

https://www.lawyersclubindia.com/forum/Salary-account-freeze-without-my-notice-95425.asp#.UswXWNIW1MA

VASUPRIYA 17 April 2017

Dear Sir,

Thanks for your reply, what you mean by "The debt seems to eb hopelessly time barred." I need some more explaination about this... kindly revert back.