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Ravi s kumar   19 April 2020

Process of Credit Card Settlement

I would like to know the process of Credit Card settlement as I am using a Bank Credit Card since 2017 & current outstanding on this card is 1,15,000 I am not able to pay the outstanding in these days due to poor financial problem, family burden etc. So how can I process settlement process want your advice on this.

Thank you,


Learning

 2 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     19 April 2020

1. Request Credit Card Bank, to restructure your Credit Card outstanding dues and undertake to pay the same.  Failure of which your credit score (CIBIL)  will be downgraded and you will find it difficult to get credit in future.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

 

Vishnu P Sopanam   19 April 2020

you can go for one time settlement but it will reflect in the cibil as settled.some banks convert the same as personal loan on request.

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