RBI guidelines for credit card payment recovery
Credit card loan is insecure loan according to the RBI guide line ,
If the customer not able to the pay credit card loan ,
which utilized by the client And the bank is charging intrigued on all total sum
and different charges like late payment installment Charges ,G ST amount , services charges etc.
RBI said if the customer not able to pay a full dues amount So ,
there is another choice to settlement with Bank for instance assuming they have credit card
Limited around 50000 Rs and he utilized the full amount and not able reimburse the sum to the bank
For this situation you can to talk to the bank for the settlement.
In settlement case the bank will closed your credit card account by taking sum amount as a settlement payment.
If the customer will choose the settlement option the bank will be ready for the settlement But this is huge misfortune for
the customer because that will impact on cibil score. The client won’t ever get any loan from any bank ,
For any loan like Bike loan, Car loan , Home loan , Personal loan ,Business loan ,property loan ,
Your Cibil score should be around 750 to 900 according to that
The bank will be conclude how much the bank will be give loan the client, and and vital. Assuming the customer done
the settlement for any loan in feature you will not get any loan from any bank since that settlement part will be fly in civil score always whenever you try to apply for any loan
For credit card holders this is to inform that credits card loan is the insecure loan that way the penalty amount is very
hug around 13 to 15% try to avoid uses of credit much and pay on time.That will best impact on your cibil score
and others bank will provide you loan and credit cards,Further more never think about the settlement with bank
if you have any plan for your feature home loan or car loan ,
and Business loan once you settlement is done you will never ever get loan .
Bank Harass By Agents
Bank Agency are Harass to the client for installment that is
unlawful way yet they do you can overlook them or make
a legal move against Bank recovery agency office and agents.
They will attempt to smother and give you tension by sending agent’s at your home and office address ,
Furthermore offending you front of your neighbor and family members this all Harassment nothing ells.