Need help

[rah1979]

Dear Sirs,

I got the mail from Shaha Finlease Pvt Ltd. as under,

" This is in reference to outstanding dues under Credit Card no xxxxxxxxxxxxxxxx issued by Standard Chartered Bank. Vide deed of assignment dated 9th Feb, 2010, Standard Chartered Bank has sold, transferred and assigned all its right, title and interest in all the amounts due and payable by you under the above Loan No in favour of Shaha Finlease Pvt Ltd. An intimation letter /  notice to this effect has been sent by Standard Chartered Bank to your address appearing on the records of Standard Chartered Bank.
 
We find that the amount outstanding under the above Credit Card is Rs- 226245.01/-
You are requested to  pay the same at the earliest to Shaha Finlease Pvt Ltd."

on 11/02/2010 i received mail from SCB as under

"This is with reference to the above mentioned card accounts,
 
Please note that we have not received any payment towards your credit card since      05/04/06
 
 
We wish to inform you that the total outstanding on the said cards as on date is INR    199,410.44
 
The above payment is currently over due you are requested to make an immediate payment.
 
Please note that your payment should reach us before 20/02/10
to avoid any legal action.
 
Failure to do the same will be considered an intentional default."

I have following question,

if SCB trasfer it to shaha on 9/2/2010 how they wrote me on 11/2/2010 or if they wrote me on 11/02/2010 how they trasfer dues to shaha on 9th?

Do i need to pay the due as before that there is no message to me what SCB from 2006 & suddenly what awake them for  such a big amount.

I heard that the credit card payment old than 3 years are cleared by RBI's actunder bad dept. will i get benefit of it if there is actual outstanding
IN 2009 i have applied for loan but it is rejected on the basis of cibil report. then i wrote to all bank to give me any pending detals giving my all details. I haven't got any details any bank that time

After some time Cibil report made avalible to individual person so i collected the same. As per report that there was pending amount for credit card of three banks like HSBC, HDFC & SBI i cleared all the due & have no outstanding letter from them. But SCB not there but in FEB 2010 i got the mail as given above but i thought it is some spam mail but now again i got the mail from Shaha Finlease Pvt Ltd. i also got the latest cibil report but it also doesn't have SCB name on it.

Please guide me what should i do.

[cardbhai]

1. You don't mention what was the original Amount Due and since how long you have been defaulting, anyway, since the current due is now ~ Rs 200,000, please consult a lawyer specialized in this and he will be able to help you out.

2. Now that you are Paying such a hefty amount, please negotiate DIRECTLY with Standard Chartered Bank for a Clean Credit History without any mention of "A/C Settled" or Written Off after the payment of the amount.

3. Saha Finlease is a company involved in acquiring Bad Assets - WoW Look at their Margins - they are asking you to pay Rs 226,245.01 while Standard Chartered Bank is begging for Rs 199,410 - A Margin of Rs 26, 000 for Recovering the money from you :-)