An EMI bounce on your credit card isn’t just a financial setback; it’s often the start of stressful bank harassment and the fear of a legal notice. But you can take control and avoid major legal trouble.
What Happens After an EMI Bounce?
Initially, you’ll face penalties and a hit to your credit score. Crucially, this triggers persistent calls and aggressive tactics from recovery agents, escalating into full-blown bank harassment. If defaults continue for 90+ days, your account becomes an NPA, and legal action, such as a civil suit or even criminal proceedings for cheque bounce (under Section 138 NI Act), becomes more likely.
How to Stop Harassment & Avoid Legal Trouble
The key is proactive action and leveraging your rights:
- Communicate (and Document Harassment): Contact your bank immediately. More importantly, document every instance of bank harassment (calls, threats, inappropriate visits). This evidence is vital.
- Consider Credit Card Settlement: This is often the most effective solution to end both debt and harassment. A credit card settlement means negotiating a lower lump sum to close the account. Once settled, the bank loses its incentive for any further collection efforts, including harassment and legal action. Ensure the settlement letter explicitly states the withdrawal of any legal threats.
- Seek Professional Anti-Harassment Service: Experts at Bank Harassment specialize in stopping illegal collection tactics. We will:
- Intervene: Act as your point of contact, shielding you from direct harassment calls and visits.
- Negotiate: Manage the credit card settlement with the bank, ensuring favorable terms for your EMI struggle.
- Ensure Legal Protection: We get you a proper settlement letter, preventing a legal notice and ensuring the bank has no basis for future harassment.
Your Path to Becoming Debt-Free and Harassment-Free
An EMI bounce is challenging, but a credit card settlement offers a clear path to resolve your debt and put an end to bank harassment.
Don’t endure harassment or wait for a legal notice. Contact Bank Harassment today for a confidential consultation and regain your peace of mind.
