icici cc settlement help
hi, I had a icici credit card & had dues of around 1.2lacs & got a settlement for 90k in 5installments & I was able to pay up only around 50k & lost my job so could not finish the settlement. After around 8-10months icici ppl have started harassing me & asking me to pay 1.15lacs as settlement again. I spoke to them saying I am ready to pay remaining 40k but they are saying that my case is in credit department last stage & after this they will take it legal & take action. Please let me know what do I do here. How do I negotiate & whom do I contact.
Pay 40K by cheque keep xerox copy of the check write everything that has happened including your job loss and send the letter keeping a copy of it by registered mail and tell them matter is closed as per discussion and let them go and take legal action.It will take time and money for them.If you get notice from their legal dept send xerox copy of your letter sent and tell them the matter is closed.keep copy of that letter also.You may than get a court order to appear go to court and tell the judge that you have no money to hire a lawyer and you want to plead yourself.Then if the judge allows take one month time to prepare for the case.Mean while wont you get a Job.Tell the Judge you will pay in 36 installments he will give 15.That's the end of the ICICI story.
I have mentioned everything regarding settling credit cards in my hub: http://hubpages.com/hub/Harassment-on-p … I-Bank-DSA
Just check out this hub for an answer to your questions about CC settlement.
by manoj12343 years ago
Dear sirThe company for which I was working had issued me a credit card in 2007.For 2 years I was not using the credit card.After purchase of the new home I have removed 20,000 rupees from the credit card.Unfortunately...
by Davinagirl36 years ago
My husband and I are looking to buy a house in the upcoming year. We have run into some trouble looking for a lender because our credit is, for lack of a better term, crap! I am looking for ideas on how to...
by HubPages6 years ago
How To Pay Mortgage Early
by Gary Anderson7 years ago
I just wrote a hub on this, but what I want is to have a discussion here. This is the issue: the senate voted on 5/19 to forbid the states from setting caps on interest rates for credit cards. The injustice of this is...
by Gous Ahmed6 years ago
If you pay off credit cards by getting a loan out, aren't you in the same position still?Maybe a loan won't have interest increase like credit cards, but what is the best way to get out of this situation for good?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.