[Resolved]  HSBC Credit Card — Settlement

Any one who wants to settle the account regarding credit cards must get the settlement letter first - become shameless to the abuses, bad languages of these recovery agent, call police if they threaten - as per rbi rules they cannot use unparliamentary language.

Tell them point blank you would not pay if you get the settlement letter first. Get the settlement letter and pay by cheque then get the noc and write the cheque no and get phone no of the collection agent.

I am sure by one year or so rbi will come up with some kind of rules that will waive of these small settlements may be less than 10k of actual purchase from the cibil list.

Till then simply [censored] these recovery agents and banks - saale kuch nahi kar sakte maadharchod wo -