Bank asking for Settlement for a written off loan
Had a loan in Axis Bank. I put a top up to it. I was unable to pay after sometime.
Loan was written off in Axis Bank which I did not know.
Approached HDFC bank for Balance Transfer and they did not do it as it was written off.
Executive tells me Balance Transfer was made. I did not check my statements.
I paid 10 installments in HDFC and then could not continue. Thinking that everything is settled with Axis and only pending is HDFC
1. HDFC asked for One time settlement and I gave it and I got NOC.
2. Went to Axis bank and got NOC to the loans and they gave it.
3. I have no dues ... that's what they said. So I am clear of both HDFC and Axis
4. But there is a call after 5 years after write-off from Axis Bank
5. I don't have money to pay
They called and are asking to settle immediately.
I have not gone into the settlement talks as I am reviewing my accounts.
Question1: What will the bank guys do to me ?
Question2: All the resources have run out in settling my HDFC one time settlement. I cannot go in for a settlement to this written off loan now ? What is the best course of action
Question3: What are the consequences ?
Question4: What are my rights ? (The guy simply shouts over phone and asking for settlement that I have cheated)