I had a HSBC credit card and not using from 7 years .Account has a pending balance of 10000/-.Suddenly some settelment team is calling me and asking me to pay 150000/-.
Can they proceed any legal complaint with inactive details after7yrs also.I would like to know INDIAN LAW/GUIDELINES about Credit Card payments and account validity.
Can CIBIL will maintain these account details after 7 yrs and will show in the consumer report?