Thread: ICICI Bank Credit card loan. ICICI Bank Credit card loan. My Name is Sanjay Bhandarkar, i hold a ICICI Bank Credit card from 2006. as my payment was perfect right from beginning, I was offered a Platinum card. In August 2008, i withdrew 18,000/- cash from this card. Even though i paid the amount, ICICI Sales team started calling me and convenient to take loan on this credit card which was around 4,50,000/-(9401270208772009).
They also promised me that this loan had insurance. I was paying premium regularly till March 2009.
Then i had a financial problems and I used to make payment but not frequently and also part payment. By December 2009, i started to work as a consultant. Slowly my financial conditions started improving. And whenever i received fund, i used to make this loan payment first. Till now i have made around 1,87,000/- payment, but since i had been irregular now the outstanding shows 98,000/-.
Meanwhile recovery agents used to call me and annoy and used to take cheques. although few cheques used to bounce, I used to arrange cash for the same. In my bad times i even pledge my wife's jewelery (which i still could not get it back) for this loan. Meanwhile agents used to call me and started telling me that i am a fraud and i don't the intention to pay the amount.
they say no one can help me in this as I am in fault. Now the agents have started coming to my house. Last agent came to my house and said I bounced 6 cheques and i need to pay cash immediately or pay through D. this agent threatened me politely by saying, there will be good people like him and in future you may get bad ones too.
Whenever i meet a agent they say they are the employee of ICICI Bank, but is i ask there exact name or id no. they give only their surname. Because of this mental pressure, My income which was 70,000/- in April 2010, dipped to 20,000/- in May 2010, and only 3,000/- till 15th June 2010. I cannot bare this pressure. If i pay 15000/- they accept and once the amount is cleared, they pressurize for next payments.
I don't want to be defaulter, nor do i want to my cheque to bounce. But if i don't work, I will not be able to earn. And even after i am having opportunity to earn, because of this pressure i am loosing it. I want this outstanding to be converted to some installments, so that i can plan my monthly budget. Sanjay Bhandarkar.
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