Dear Senior members,
This is in regard with my credit card sttlement with hdfc bank. My card has an outstanding of 42000 as on date but i had used the card for only around 25 thousand and have been payin a mnimum amount due of 2 thousand for almost last two years out of which not even 10 % was going towards principle but the complete amount wasbeing adjusted against late payment fee,finance retial charges,service tax and cess.
Now 2 months back after i got fed up with this i spoke to the customer care on phone and said i wanted a settlement.My current statement shows a outstanding of 42,237 with minimum amout due of 22,367.The past mimimum amout dues shown is 2000 for 2 month back,2010 for 1 month back and 2000 for current month.I have been offered a settlememnt only on phone about 2 days back for Rs 30,000 APROX of which they r asking me to pay 4000 aprox by cash and issue 2 post dated cheques for the balance 26000 which they say they will mention in the settlement letter.Kindly guide me as to if i should clear the entire 42000 for a better cbil report or pay 30,000 that has been offered or bargain for a better settlement.I have paid more than 45000 almost in minimum dues due to my negligence and now i have about 30,000 ready but need ur guidance regardin thesame.
Thanking you all for ur time ,looking forward to you advice, plz do guide me through this ordeal. Thanks you all once again.