want to settle Citibank Indian oil creditcard

[swaraj.bose]

Dear Cardbhai,

i have a citibank credit card with credit limit of 2.19 lakhs. and have used the card for Consumer durables worth approx 1.6 lakhs, and did convert them into EMI's. i used to pay the amount mentioned in the bill till date but owing to some of my financial constrains i am unable to pay the bills anymore. i have missed out on payment of my latest bill only till date.

Please suggest what should be my next step. I want o settle this outstanding.

Kindly suggest.....

Swaraj.

[cardbhai]

1. Ok. Make the Minimum Due Immediately on the Card and then look for the following options.

2. Borrow Money from your Relatives, Friends etc and Pay Off.

3. If you can't raise money from above avenues then the next option is to get a Personal Loan and Pay off the Credit Card.

4. If Personal Loan option fails, then Converting it to EMI will be the only option.

5. Or ask for a Balance Transfer to Credit Card of different Bank [use this as Last Option, because every time you apply for a credit card, an inquiry will be made and this is not good]

Best,
Cardbhai

[swaraj.bose]

Dear Cardbhai,

I have tried all the options.. I want to go for an amicable settlement.

kindly suggest me the steps.

Regards,

Swaraj.