What will happen if a person does not pay a credit card bill for the period of one year in India?


At Ruloans we suggest that you pay your credit card bill as soon as possible. 

Yes, there might be reasons due to which you couldn’t have paid it up. While as human beings everyone will understand and sympathize with you, but a Bank won’t understand. 

You will become a first time defaulter; post few months a willful defaulter, and finally be called as a fraud. You’ll be called continuously, there will be collection agents visiting your house and finally that can tarnish your image in the society and give you a lot of mental pressure.

What do we suggest?

TALK TO YOUR BANK!!!

Yes. I know it sounds scary. They might record you and use it against you or might come to your house and get you arrested. But these are just thoughts and nothing is true.

All you have to do is tell them about your issue and why you are not being able to pay. Banks in such cases appreciate you coming forward. They will chart out a plan so you can pay them back.

They will allow you a breathing space where you won’t be charged penalties and fees. Hence you must always communicate with them so you can get the best way out. 

For more details kindly contact Ruloans home page.


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