Hi All,
I seek your kind advice regarding my credit card overdue and personal loan overdue.
I was not able to pay my last 3 installments of my personal loan and also the last 3 payment of the credit card(I use to atleast minimum amounts earlier) due to some personal issues and now I am willing to repay those amounts back. Now the bank has sent a letter(through lawyers) stating to repay in full($9900 for both credit card and personal loan together) else legal proceedings to be started. Is it possible to negotiate with the bank and i am worried that i would be arrested and jailed for this.
I am an EP holder in Singapore and currently working here. No intention of leaving or non repayment. I am willing to pay the amount in 4 parts (would be more convenient and plausible).
Any help is greatly appreciated.
Thank you!!!