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Credit card settlement given by bank, put the name on defaulter list
05-Oct-2023 (In Banking / Finance Law)
2014-15 my husband had a credit card payment difficulty we had to pay 90000 to axis bank which we paid through installment but after paying 73000 rs bank told me not to pay anything and settled my account but didn't give any kind of settlement documents nor NOC or no due certificate.recently my husband had applied for a personal loan and it got rejected bank told him that axis bank has put his name on cibil defaulter list.and his account is "written off" by axis Bank after requesting the bank he got his NOC and no due certificate but they didn't update his cibil report.and now axis bank is saying if he wants to remove his name he has to pay 146000 to axis Bank after that his name may remove.tell how to get rid off this situation and what should I do
In order to proceed legally it will be essential that some type of documentary proof regarding the settlement of account be provided to the court. In absence of the same it is advisable that you ask the bank the document in which the amount of 146000 is shown to be pending. Thereafter if no settlement can be reached then legal proceedings can be initiated.
Helpful?
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Adv. Devvrat Singh Raghav
Jaipur | 25+ Answers
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Hi,
As i seems you did not read the documents or your husband did not read the document while you apply for the credit card.
Please read it again and pick the rules to get defaulter. Credit card charges and defaulter charges are very high and bank notify that while you apply or sign the document. If there are not any point seen for charges that amount you may write a written complaint to credit card bank's vigilance department. If query should not solved then please ask to lawyer with all the related documents.
As i seems you did not read the documents or your husband did not read the document while you apply for the credit card.
Please read it again and pick the rules to get defaulter. Credit card charges and defaulter charges are very high and bank notify that while you apply or sign the document. If there are not any point seen for charges that amount you may write a written complaint to credit card bank's vigilance department. If query should not solved then please ask to lawyer with all the related documents.
Helpful?
18+
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Adv. Hemant Kumar Joshi
Udaipur | 100+ Answers
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