LawRato

Not able to pay my credit card due what action can be taken against me


27-May-2023 (In Recovery Law)
I can't pay the credit card dues. What will be punishment by Indian Law for not paying the credit card outstanding balance or even not paying any settlement amount
Answers (1)

Answer #1
244 votes
You can seek time to pay off the debt from the bank on your personal accord or reply to the Legal Notice seeking time to pay off the debt but  the bank can proceed against you legally unless they through explicit consent allowing to more time to pay off the debt.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."