Friend refusing to pay the EMI for phone brought on my credit card
05-Aug-2023 (In Recovery Law)
I have given my credit card to one of my friends to buy a phone, by using my credit card he purchased a phone now he is denying to pay the amount of EMI, what action can I take against him?
First understand reason for denying , and make him understand that , just because of his use you are responsible to pay debt of the bank .
you can file police complaint against him by Quoting entire details against him.
you can file police complaint against him by Quoting entire details against him.
Firstly, you need to make me clear about your transaction with the company from whom you purchased the said phone and then whats the transaction you have with your friend. if you have advanced an amount to him and then if he is required to give you those EMIs then you can go under Suit for recovery under Civil law and further for criminal action you can prefer a criminal complaint against him under Section 420 IPC to the PS in which such offence has occurred. For more clarity on the subject please contact.
Thanks
Thanks
Dear sir, you have already committed breach of the contract by relending your card to some one else.
Credit card purchases are all liabilities on account with the owner of card. Unless n until a loss or fraud is reported by the customer.
You cannot take any legal action against your friend on account of card.
But a matter of unpaid friendly loan can be raised with the competent authority like police etc.
Credit card purchases are all liabilities on account with the owner of card. Unless n until a loss or fraud is reported by the customer.
You cannot take any legal action against your friend on account of card.
But a matter of unpaid friendly loan can be raised with the competent authority like police etc.
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