Credit Card
Manigandan
(Querist) 12 January 2011
This query is : Resolved
Hi,
I used to have a credit/card and used a little bit of it and remember repaying what i used and dont even remember what happened to the card after that. Now recently some recovery agents came calling that i had maxed out on that card 6 years ago by withdrawing cash and they said they have the statement etc.
The point is, what were they doing for 6 years ? i dont remember anything abt that debt at all. i've had many credit cards and availed several loans for the last 10 yrs and availed a car loan as recent as last year and nothing ever showed up on my credit report or else i wouldnt have got the loan sanctioned.
now the recovery agents are saying that the card was used to the tune of 50,000 and with interest now it's over 4 lacs.
i never received any kind of communication with them in all these years, either telephonic or email.
I want to know what my rights are in this case and if there is debt is time barred for recovery.. please help
SAANJAAY GUPTAA
(Expert) 12 January 2011
if you have any problem regarding credit card and excess billing complaint to banking ombudsman for the same. you will get relief if your problem is genuine.
Manigandan
(Querist) 12 January 2011
yes but this is over 6 yrs old so i have no recollection of anything. i dont even know what they are saying is true or not. im not sure if my card was misused by someone either.. no one ever came back to me for 6 yrs... can they still pursue the case legally? what are my options ? can i dispute it ? is there a time period after which the debt cannot be legally pursued?
Devajyoti Barman
(Expert) 12 January 2011
Yes the amount the bank is demanding is time barred even if it is a genuiine. I would suggest you to sit idle as the bank can not do anything through legal means. Or you can lodge complaint u/s 12 of the Consumer Protection Act or before the Ombudsman.
