What happens if EMI or Credit Card Bill is not paid?

If you are paying any EMI and you stop paying EMI one after the other, then the card holder or the defaulter or that bank can take legal action against you on the card from which you are paying the EMI.

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You may also have to go to jail or if you request, then you can also be given a few days' time by that defaulter.


Failure to pay EMI can lead to direct action against you,

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MOST IMPORTANT : Along with the action, your civil will also be greatly reduced, what will happen to him that you will never be able to take a loan in future,

Although the credit score remains in the range of 300 to 900 but the critical score for you should be between 750 to 800,