I was using ABN AMBRO Bank credit card in the year 2009, that time my outstanding due was around Rs.85,000/- du to medical issues i was bed return for 3 yrs and was not able to pay any amount to bank. Even after few years banker also stop calling me for recovery.
Now, I got a call from Kotak Mahendra Bank, say that ABN AMBRO bank was merged with Kotak, so i need to pay the credit card dues of Rs.2,50,000/-.
Now also iam not working due to my health issues and my family is feeding me, the bank recovery agents are dialing calling me and harassing me to pay the due.
Kindly advice, what legal action can i take with the bank. As per information i got, any credit card dues beyond 5 years, it is not compulsory to pay, its a wish of the borrower to settle. I agree CIBIL score will affect.
My request is to how to go about this, i dn't have money to pay any thing to bank.