Friend received legal notice for credit card dues what can be done
20-Sep-2023 (In Recovery Law)
Respected sir/madam, Here one of my friend have taken credit card any used 30k and paid minimum due upto more than 40k in 1.5 years(he dont have ful amount to settle once so He thought he will pay the intrest untill all the amount arranged but these bank persons showing different things like late fee , overdue ,and someother..he was fed up with this and stoped paying the due becuase my financial stage not soo food he lost his properties and also money. Now he got legal notice from that advocate about this issue. Will they issue arrest warrant ? Please kindly do needful help...
you have been sent a legal notice from the bank/advocate so you need to reply to the legal notice. you can visit the bank and try to compromise the matter with them and pay one time amount and finish the matter once and for all. Arrest warrants can only be issued against you if the bank files a FIR but its a recovery case which falls under civil law.
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.
Connect with top Recovery lawyers for your specific legal issue
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."