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Credit card

(Querist) 21 November 2020 This query is : Resolved 
What is statute of demand in terms of credit card default
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Quick Summary
A Statute of Demand in the context of credit card default means the debt is being pursued as if it were a bank loan. This implies a formal legal process is underway to recover the outstanding amount. If you're facing this, it's crucial to understand the specific details of your situation.

Rajendra K Goyal (Expert) 21 November 2020
It is recoverable as Bank loan as per conditions of credit card.
Rajendra K Goyal (Expert) 24 November 2020
Please state clear material facts of the problem if any.

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