Citi Bank — Citi bank is trapping and robbing me

Address:560085
Website:www.online.citibank.co.in

Sub: - Citi bank is trapping and robbing me and other people by frightening them of taking legal action, humiliating and torturing by making calls by using the credit card and loan against credit card as a tool. Dear Sir, This is in reference with my earlier communication subject Credit Card Company tempted me and given big loan against credit card but my monthly income was not eligible for it. Sir I would like to bring in your notice same of the bad, wrong, dangers, trapping practice and policies of CITI Bank credit card. Sir first I would like to bring in your notice same of the bad money lending practice in the small village very there are no banks and money lender lend the money to poor farmer and charge them high interest, when farmer will not be having any money to pay the interest because of any reason, money lender will lead them same more money and then the interest itself will be so much that hole income of the farmer will go toward interest only and farmer will be not having or lift out with any money to feed his family. With this condition many of the farmers commit suicide. Please correct me if I am wrong this is what I heard in TV news and read in newspapers. Citi bank is also practicing the similar type of trapping practice and policies. Please look into my case only I have got the DEMAND NOTICE from S A ASSOCIATES Advocates and Solicitors on behalf of CITI BANK reference No DLN/D3LB/KK/DEC-15/00042. In this demand notice they have mentioned my credit card limit or tune to Rs. 252000/- and my total outstanding amount is Rs. 430945/-. Sir interest for credit card will be high so it will be around 3.5% per month. The interest part of my outstanding itself will be Rs. 14718.64/- per month and it is around my monthly income and I have a family of 3 people wife and 2 children, how can I take care of my family?? Or should I give all of my monthly income to CITI BANK credit card and let my family starve to death???????????????????????? How did I get into the trap of CITI BANK credit card? Sir I am self-employed and doing small marketing job. For past few years I am facing problem in my marketing job and my monthly income came down. I got married and blessed with two children and my monthly expenditure increased. I started using credit card more and more but I was calculative in using it within my capacity of repaying back. I was not a defaulter and with difficulties I was able to manage minimum due amount but was not able to pay the full outstanding. This was clearly indication that I am going through financial problem but still CITI BANK credit card people call me and tempted me to take the big loan against my credit card. They give me loan without verifying any document like my income proof or what my monthly income is? I give than no document for this loan. They did not verified whither I was in the condition of repaying the loan back. I was in the trap of CITI BANK. After taking this loan I came in so bad conditions that I started to sell my wife jeweler to pay the monthly minimum due amount. Fearing that CITI BANK will take legal action against me and I may even get jailed also if I do not make the payment of minimum amount due. Selling of my wife jeweler caused the problem between me and my wife. CITI BANK has noticed some of the weak points of Indian consumer. Below are some of the weak points of Indian consumer. 1) We are afraid of going to court. 2) Frightened easily by saying. I will take legal action against you. 3) If we take loan we don't what to be defaulter and will like to pay back the loan. 4) If we got cheated in the matter of money we do not speak up and feared that if same one comes to knew about it they will make fun o[censored]s and think we are fools. The above points are as I have observed, it may be correct or wrong also. Please correct me if I am wrong. In past few months I came to know about few people with the similar problem facing by them, where their outstanding amount has gone more the 150% of their credit limit. Many people have sold the jeweler, other asset or taken help of their friend and relatives to pay back the outstanding amount, is this not robbing the people finding their weakness and using the law to frighten them and making profit out of it. Sir in my case only the credit limit was Rs 252000/- and total outstanding amount is Rs 430945/- (by trapping me the amount come out to this), the difference between credit limit and outstanding is Rs 178945/-. For example from one person they are robbing Rs 150000/- from 10 person they are robbing Rs 1500000/-(fifteen lace) from 100 person Rs 15000000/- (one crore and fifty lace) from 1000 people Rs[protected]/- (fifteen crore) from 10000 people Rs [protected]/-(one hundred and fifty crore) and goes on. The type of network CITI bank having in India, it is possible the victims will be much more than 10000 people. Please make investigate in CITI BANK LOAN AGAINST CREDITE CARD you will find many more victims there. I have no money to pay total outstanding amount nor do I have any asset to sell and pay the total outstanding amount. I am in so bad condition because of this CITI BANK CREDIT CARD LOAN that I have no emergence money for any medical or hospitalization of my family members. I have no money to hire lawyer or advocate or to bear the fee of court. I have no option but to go jail if court finds me guilty. Please take respective action against CITI BANK CREDIT CARD LOAN for their bad, wrong, dangers, trapping practice and policies. They will reduce my credit rating in www.cibil.com and I will be facing problem in future also to avail any loan. Even my financial condition may improve in future. Is CITI Bank Credit card in not using our own system and law against us to rob us?????? Please think about it, it is not only me but many people of India are the victims of this. Below are my details Name AMARNATH M R Mobile No [protected] Email ID [protected]@yahoo.co.in City Bangalore State Karnataka Bank CITI bank Credit card no [protected] Credit limit Rs. 252000/- Total outstanding amount Rs. 430945/- Citi bank officer name ARIJIT GHOSH Citi bank officer contact No [protected] Citi bank officer Email ID arijit.[protected]@citi.com Demand notice issuer S A Associates Advocates and Solicitors Demand notice reference No DLN/D3LB/KK/DEC-15/0042. Please do the needful CC to SEBI, RBI & CONSUMERCOURT
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