Facing legal proceeding in case of defaulting on credit card

Question

Q: I have 4 credit cards. Total limit is around 80 thousand. I defaulted and stopped paying for 6 months. Is there a chance of four different police cases against me? A: If you have given 4 security cheques in relation to the 4 cards, then yes it is possible that you may be facing 4 police cases…

Hari Wadhwana · Accepted Answer

Dear Sir/ Madam,

Thank you for getting in touch with me on this.

In regard to your query, if you have given 4 security cheques in relation to the 4 cards, then yes it is possible that you may be facing 4 police cases.

Only after filing a criminal case, the bank proceeds to file a civil case.

I would advise that you first inspect the police records to ascertain what cases you have and resolve the same at the earliest.

I trust you will find this helpful.

Regards,

Hari Wadhwana

052-9495731

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