HI, i had taken personnel load from ICICI in BGLR of rs 1 lakh, i paid around 40k and later i left the city as i got transfered, i didn't pay rest of the money, now in my new city i have take personnel loan from HDFC and UTI amounting to 2.5 lakh, i paid for 6 months, but after that i couldn't pay anything..., now i am planning to move from this city also, i have not paid from last 6 motnhs,, nothing happend so far!!! can anyone tell wat can happen if i don't pay and move to diffrentg city?
RE:My Loans
by S M on Jul 25, 2008 04:32 PM Permalink
Normally, the credit card companies are supposed to check against CIBIL list (i.e. a list which has creditworthyness info and the past track record of a customer) before issuing a card. Am surprised how you even got the second card, but considering how banks function, it is ok I guess. One thing is for sure: your credit history would be spoilt for good and you will never be able to raise loans. Not to mention, raids by collection gundas and possible litigation.
RE:My Loans
by Mahesh Iyer on Jul 25, 2008 04:13 PM Permalink
You would be blacklisted on Cibil and after that you would never get any type of loan, credit card.
Dont get into the mess pay off or you would be stuck up in future as of now India has already gone for one system. Every time you apply for a loan or credit card your data would be checked on CIBIL and any black list remark would be end of your road.
RE:My Loans
by greenpages on Jul 30, 2008 04:06 PM Permalink
who is cibil one of our politican creaqte a software and useing her criminal tech if the govt open credit burea tell me
RE:My Loans
by amogha girimaji on Jul 25, 2008 04:06 PM Permalink
Don't worry. There are poor innocent credit card users who will take your load. The Bank will charge these poor innocent card users by slapping various charges...Long live You...Long Live Banks
RE:My Loans
by bharat chodankar on Jul 25, 2008 04:11 PM Permalink
ash there is no problem in u doing so, but your record goes to credit burea in which you dont pay the covered loan. you wouldnt be provided o any loan facility in the future but incase of a flook you may receive the same
