LawRato

Bank not ready to waive off maintenance Charges on credit card


01-Sep-2023 (In Banking / Finance Law)
I have about 7,000 rupees charges against the credit card, all of which are only maintenance charges, I asked the bank repeatedly to waive these charges as my financial situation I'd like to see not good and I'm not even unemployed,however they seem adamant to make me pay, they've also sent me a legal notice, what do I do now, I'm feeling very tensed, my unemployment is already an issue, I don't even have any other source of income, Will I go to jail, please tell me what to do?
Answers (2)

Answer #1
807 votes
ve about 7,000 rupees charges against the credit card, all of which are only maintenance charges, I asked the bank repeatedly to waive these charges as my financial situation I'd like to see not good and I'm not even unemployed,however they seem adamant to make me pay, they've also sent me a legal notice, what do I do now, I'm feeling very tensed, my unemployment is already an issue, I don't even have any other source of income, Will I go to jail, please tell me what to do

just reply to the legal notice with all the facts
Helpful? LawRato LawRato
Answer #2
568 votes
No you will not go to Jail. you just need to tell them about your financial stability and ask them time to pay their charges. maintenance charges they will charge to you. you can surrender your card. So follow this method.
Helpful? LawRato LawRato

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."