Hi all,
Here goes my owes and i live in Bangalore India :
Way back in 2004 I got a HSBC Gold credit card. As I was not using it a friend of mine requested me to swipe it to pay his medical bills and assured to make the payment with in a week.
I did oblige as it was a medical emergency and swiped it for 25,000.
As my friend had assured that he himself will drop the repayment cheque to the bank within a week I trusted and did not bother to check if the payment was made or not and I got busy with my new job.
I did not receive a call from HSBC either for about a year and a half and my friend finally spilled the beans about the non repayment.
My friend told that he had made a payment of 4000/- 1 year before. I called HSBC and requested them to mail me the details of the outstanding amount but have never received it till date.
Today I received a call from HSBC to my wifes phone (God knows how they got it) and told that the outstanding due is 1,57,000.
I was shocked but the lady on the other end told that she can give me a waiver and can reduce it to only 25,000 for which the card was swiped and she shall provide me a settlement letter.
I asked for 3 days time for which she obliged and informed that she was calling me from HSBC Legal Cell
and the detailed description will be given if I drop down to their office personally.
Now I am in a deliama as my friend who works as a collection agent for another credit card bank asked me not to go their (HSBC) in person.
Can I request for an executive and hand over a crossed cheque and will they provide me a settlement letter if I provide him a cheque.
PLZ mail me on aquaman_aqua01@yahoo.co.in
Plz advise me on the course of action and it will be highly appreciated asap.
Thanking you.
