Hi I have used a kotak mahindra credit card. Total outstanding on card is Rs. 57000 and principal amount is 36000. Now collection agency offers me to waive off all intrest and late fees charges.
They offers me a letter for Rs 6000×6 EMI.
I want to know it is settlement or reversal As bank said it is reversal and CIBIL will not impact with this.
Pls Reply me what can now I do.
Pay the EMI OR NOT.
IF YES THEN WHAT CAN I GET FROM COLLECTION AGENCY IN WRITTEN.
I HAVE RECEIVED A LETTER PLS FIND IT ON ATTACHMENT.
.
PLS REPLY I NEED URGENT HELP.
THANKS.
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