[Resolved]  HSBC — Legal Notice issued again My HSBC Credit Card

Address:

East Delhi, Delhi

I hold a HSBC Gold credit card. In October, 2009 i got a call from HSBC Recovery Executive for outstanding payment i.e. Rs. 76500. & he suggest me that i can pay outstanding amount 76500 into 17 installment of Rs. 4500 per month for 17 months. I aggreed to pay outstanding in installment. Now after payment of 1 month i noticed next month statement (December) showing outstanding amount of Rs. 89139.73 It was very to me, when i aggreed to pay outstanding by EMI, why that is not showing in statement and Financial charges are added by HSBC. After that i have called up that Recovery executive about this issue, he told me dont worry after 17 month automatically HSBC will send Final Settlement Letter after receiving of total EMI. Also i have called up the HSBC bank for this issue. they are said bank not giving any kind of instruction. Even i have explained the matter about my conversion with recovery agent. But they refused they have no information regarding the same. We finally this is very disappointed and stopped payment to HSBC Bank against outstanding amount from month of Dece,2009. Now July.2010 i got a Legal notice from Lawyer of HSBC Bank to payee outstanding amount of Rs. 1,16,303.17 and also declared my account as NON Performing Asset as on 01.05.2010 in accordance with the guidelines issued by RBI. Commented offences punishable under section 415, 416, 406 and 420. Finally they call on behalf of HSBC to pay the amount of Rs. 1,16,303.17 within 7 days of receipt of letter. Now i am mentally tensioned what to do ..... Please suggest