The consequences of defaulting on credit card payments

Question

Q: Due to the financial crisis, I am a defaulter of 2 cards. Now, what will be the next step they will do? A: The bank will present the security cheque received from you once you apply for a loan, and if it is bounced, the bank will initiate a criminal case first and a civil case also later…

Anitha Rajeev · Accepted Answer

Dear questioner,

Thanks for contacting me online.

If you have defaulted on the EMI's for cards, the bank will present the security cheque received from you once you apply for a loan, and if it is bounced, the bank will initiate a criminal case first and a civil case also later.

Please contact me on 0556635526 or WhatsApp me on 0508575526 or email me at ar@alnassaradvocates.com if you need any further clarification or assistance.

Regards,

Anitha Rajeev

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