Author Topic: re credit card/loan payment  (Read 9007 times)

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divye_gold

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re credit card/loan payment
« on: July 01, 2010, 10:27:07 PM »
dear cardbhai,

if after settlement the circumstances of the person are not able to make the payments what legal actions the credit card issuing banks can take

cardbhai

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Re: re credit card/loan payment
« Reply #1 on: July 02, 2010, 09:36:17 AM »
They can file a criminal case and get a Non Bailable Warrant issued. It all depends on the amount and the bank. Your credit history will be severely damaged and you will not get any future loans.