Credit Card Collection after 8 years of card block
Since couple of weeks I have been getting calls from office of a collection agent constituted by Standard chartered Bank (SCB) that my credit card payments are delinquent to an extent that it has been blocked permanently and the total payment due sumed upto 40K - for an 18K credit limit card - that was opened in 2003. I was out of the country since 2004 and came to know about this when the agent called me up couple of weeks ago and apprised on the situation of the card and balance on it. Asking me to settle this for 27K. I should admit that I barely remember having this card. I'm requesting agent/bank to provide me a copy of all the statements, notices or any other correspondence that they have been sending all these years to collect the debt - so can help me understand better - for what I'm being asked to shell down 27K. To my surprise, they say they will not be able to provide any documentation on a permanently blocked account - even to the card holder.
Do anyone of you gone through above situation? any recommendation? suggestion? appropriate course of action?
Please get back to me earliest possible.
Thank you in advance.