Banking,Debt,Debt Law and Credit law,property,Recovery
Punishment for unsettled credit card due

Is there any punishment for unsettled credit card due case.what banking law says regarding credit card long due payment.Is there is any law to occupy properties for recovering full payment?

By  Esha Dhir  |  24 May 2016  |  Upvotes: 0  | 

1 Answer(s)

Prateek Kumar

In case the bank files a case for recovery and decree is granted in their favour and still you do not comply with decree, the property can be attached.

Upvotes: 0  |  Downvotes: 0  |  Comments  | 
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