Hi
More or less I am also in the same situation. Took a loan on citi bank gold credit card in 2009 for 4 years - 4 lacs. I was successfully paying EMI's as mentioned till dec'11. Though I lost job in aug'11 I managed to pay the amount till dec'11 and from Jan'12 I have become defaulter and surprisingly bank has not contacted me till now however I would like to go for a settlement and negotiate for a final amt. I am guessing my OS might be aroung 1.5lacs...don't know how to proceed and get the settlement.
Can you help me with the process,...