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Credit card loan issue, not able to pay the amout i gave to my friend
24-May-2025 (In Recovery Law)
I gave money to my friend from my credit card..now friend ran away, i am not able to pay the amout what to do now
Well, you cannot do anything, as you yourself acted as the Surety or Guarantor for your friend, that, in case, if your friend does not able to pay the loan, you would pay your friend's loan through your Credit Card! So, if you are unable to pay money now, you can try to file a Bankruptcy Petition in Court.
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Adv. Pankaj Bajaj
Pune | 700+ Answers
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First if you have proof that you lend money to your friend, file an FIR. Second you can't back out from paying the dues of the credit card, however the Credit Card companies also look forward to settle the dues as soon as possible- you can approach them with negotiation talks or either apply in Lok adalat to settle the dues for minimum amount.
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Adv. Chanchal Singh
Mumbai | 100+ Answers
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Thank you for reaching out. I have understood your concern. Legal matters require careful consideration of facts and relevant laws. Providing accurate guidance depends on understanding the complete details of the issue, which is best done through a focused and professional discussion.
Each case is unique and may involve aspects that need legal clarity, whether it relates to civil, criminal, property, or family matters. General discussions may not be sufficient to provide the appropriate legal direction. Hence, a proper consultation is the right way forward if you are looking for clarity and guidance based on law.
If you are interested in a professional consultation, you may proceed to book an appointment. During the consultation, we can discuss your issue in detail and consider the way ahead in a structured and legally sound manner.
Thank you once again for getting in touch. I look forward to helping you move forward with clarity and confidence.
– Adv. Sushant Vichare
Legal Consultant & Advocate
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Adv. Sushant Vichare
Navi Mumbai | 25+ Answers
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