Respected Madam,
By reason of my much-loved father's unexpected fatal accident, his dream home construction stopped up abruptly. Because of this sudden mishap, my state of mind to be adamant to complete my home for my father because I am the first son to him. At that point in time, subsequent high up Banks were forthcoming for Personal Loan & Credit Cards. As a result of this, I got Personal Loan and Credit Cards from beneath point out banks. Nowadays I had arrears for Credit Cards and Personal Loan for the following Banks.
Credit Cards Supplied by the Following Banks as a result of insisted through Mobile Phone and gave quite a lot of anguish to me. Along with there have been no proper direction from the following banks since September.
Credit Card Issued Date - Bank Name - Card Limit
20-08 - Axis Personal Loan – Rs.1, 80, 000/-
23-08 - Barclay Personal Loan – Rs.2, 00, 000/-
10-9 - Deutsche Bank Classic Card– Rs.25, 000/-
17-9 - Barclay Gold Card – Rs.50, 000/-
26-9 - ICICI Bank Titanium Card – Rs. 53, 000/-
09-10 - Barclay English Premium Card – Rs.30, 000/-
10-11 - Axis Bank Visa Gold Card – Rs.43, 000/-
25 -01 - Citi Bank Visa Gold Card – Rs.66, 000/-
15- 02 - Abn-amro Bank one card – Rs.67, 000/-
11-02 - ICICI Personal Loan – Rs.1, 00, 000/-
My Monthly Net Income: Rs.17, 639/-
As stated by RBI's Categorized Instruction in wallet RBI / 06 / 211 DBOD.FSD.BC.49/24.01.011-06 to all commercial banks / NBFCs & According to the verdict of the Banking Regulation Act, 1949.
Wide of the mark in Issue of Credit Cards to me by beneath point out banks, in addition they did not independently assess the credit risk while issuing cards to me. (Details as per E-mail sent to all banks on 21-09).
On 13th January unexpected demise of My Dear Father. Because of this My Dear Father's Dream Home Construction stopped up abruptly.By reason of this I had been wandering to all Banks in Thoothukudi District, Tirunelveli District & Karnataka State for Home Loan from January to August (8 months) for draw to a close of unfinished work of my Father's Home. Finally I was mentally affected by home loan malfunction.
After that the similar banks which I went for home loan purpose were giving the Credit Cards and Personal Loan with Competition. At that moment I used this possibility for my Father's home construction purpose. But now I am helpless. Above Banks not make the grade to check my monetary position individually. Nowadays these Banks are bullying to me to get their amount with more interest. I am requesting you for advocate to all above mentioned Banks to decrease more interest of my Credit Cards.
I sent request Email to all Banks on 21-09 and I revealed my monetary situation. But there is no proper redressal of my grievance. As per Fair Practice code (circular DBOD.leg. No. B.C 104 / 09.07.007 / 03 dated May 5) the third party agencies for debit collection are not consider my present situation as well they are not direct for further process. They are telling muscularly we want money "you collect it from your friends or relatives and give to us". It affected me as verbally, physically and mentally.
Meanwhile, Axis Credit Card Account Linked to My Axis Salaried Account without Prior Information and they grasped my salary for December and January. Without money at hand no possibilities to compensate to other Banks.(As mentioned mail sent to Axis Bank on 30th November).
As per Mail Sent on 21-09 to All Banks. My Financial Condition follows :
Date - Banks - Total Amount Payable with interest - Minimum Payable Amount
21-08 - Deutsche Bank Classic Card – Rs.26, 456.80/- - Rs.2, 166.51/-
21-08 - Barclay Gold Card – Rs.53, 639.56/- - Rs.2, 690.00/-
21-08 - ICICI Bank Titanium Card – Rs. 53, 924.96/- -Rs.2, 700.00/-
21-08 - Barclay English Premium Card – Rs.34, 466.77/- -Rs.2, 820.00/-
21-08 - Axis Bank Visa Gold Card – Rs.37, 441.09/- - Rs.1, 873.00/-
21-08 - Citi Bank Visa Gold Card – Rs.15, 341.46/- - Rs.767.06/-
21-08 - Abn-amro Bank one card – Rs.29, 121.51/- - Rs.9, 175.67/-
As per Mail Sent to you on Today (30-12), The Total Payable Amount to all Banks raised twofold times of the Payable Amount. Please think me as your son and lend a hand as soon as possible.
Date - Banks - Total Amount Payable with interest - Minimum Payable Amount
31-12 - Deutsche Bank Classic Card –Rs.22, 800.00/- -Rs.5, 700.00/-
31-12 - Barclay Gold Card – Rs.53, 639.56/- -Rs.2, 690.00/-
31-12 - ICICI Bank Titanium Card – Rs. 72, 442.34/- - Rs.12, 420.00/-
31-12 - Barclay English Premium Card – Rs.40, 656.03/- - Rs.5, 180.00/-
31-12 - Axis Bank Visa Gold Card – Rs.50, 283.39/- - Rs.17, 323.39/-
31-12 - Citi Bank Visa Gold Card – Rs.18, 180.00/- - Rs.3, 030.00/-
31-12 - Abn-amro Bank one card – Rs.40, 767.59/- - Rs.12, 842.72/-
Personal Loan EMI per Month:
1. Axis Bank – Rs.5024/-
2. Barclay Bank - Rs.5101/-
3. ICICI Bank – Rs.3615/-
My Insurance Savings :
1. LIC - Rs.20, 000/-
2. Max Newyork Life – Rs.15, 000/-
3. Birla Sun Life – Rs.25, 000/-
4. Reliance Mutual Fund – Rs.10, 000/-
In the direction of defrayal to all Credit Card Account, is there any potential to obtain some amount from above mentioned insurance company.
As on date 31-12,
Total Payable Minimum Credit Card Amount to all Banks per month = Rs.59, 186.11/-
Total Payable Personal Loan EMI amount to all Banks per month = Rs.13, 740.00/-
Total Monthly Payable Amount to all Banks = Rs. 72, 926.11/-
But My Total Monthly Salary is = Rs.20, 000.00/-
In addition, My Insurance Savings = Rs.70, 000.00/-
It is too difficult to pay the Minimum Amount to all Banks. In this Critical Situation I am helpless. There is no Father to Help me. But I am Consider You as my Parents and I am supplicate that to take exploit, probable in The Consumer Protection Act, 1986.
I am powerfully accept as true that who spend their time to come across this correspondence to facilitate me. I Propose to Combined Personal Loan and Credit Card Accounts as Single (Home Loan) Account. I am prayerful to you with spirit, for your openhanded intelligence to haul up me. I strongly promise that with God's prop up my family will be dedicate you an assortment. We are Five Fingers to raise your status. I wish for strong commendation from your expression to the monetary Authority.
I am look ahead to superior supporter like god's elegance.
Thanking you.
Regards,
J.JAYARUBAN, B.E.
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