Hi Team,

I am Sreenatha Reddy from Bangalore.MY PAN numebr is AKQPM7194K.I have 2 credit cards and 1 personal loan.I did not pay all 3 dud to some financial issue.ICICI credit card limit is 40,000 but outstanding is 51,000 and HDFC credit card limit is 50,000 but outstanding amount is 85,050 andf ICICI personal loan is peding 51,000.

Please help how to get it resolved.
I dont have any backup.

Sreenatha Reddy
It is not mentioned the period of the impairment of the loan and dues but considering the interest portion, it appears that it has been a long time.

In the present instance , since there is no dispute with regard to the liabilities arising out of the loan and outstanding credit card dues. Hence there is no question of the party seeking any re-dressal.

However, you may approach the banks individually to consider some relief in terms of high rate of interest levied by banks on credit card dues and also re-schedulement of the loan. This action would show your sincerity to pay back the dues.
Our Experts

Sucheta Dalal Trustee - Moneylife Foundation

Abhay Datar Abhay Datar is a consumer activist. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of Mumbai Grahak Panchayat (MGP) in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related with mobile banking frauds and mediclaim. He was a Member of the Managing Committee of MGP till March 2021.

Suresh Prabhu Mr Prabhu retired as Senior Vice President from HDFC Bank

R Bhuvaneswari After serving Bank of Baroda for almost 40 years, Ms Bhuvaneshwari retired as Chief Manager in 2013.

Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on finance, credit related issues

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