AN EXAMPLE OF FOREIGN DEBT COLLECTION

Posted by Why Chat (209.240.222.130) on April 06, 2002 at 17:30:48:

In Reply to: A UNPAID CREDIT CARD PROBLEM! PLEASE ANSWER THANKS posted by Jackie Corey on April 06, 2002 at 02:58:24:

Collection agents from hell, er, Citibank
May 28, 1999
If you think those pesky debt collectors are bad here in the states, be thankful that you're not living in India. Collectors there have been accused of threatening everything from beatings to forcible removal of internal organs to death in attempts to get debtors to cough up money, according to THE WALL STREET JOURNAL (in an article reprinted on MSNBC). And just who are these sketchy characters allegedly working for, anyway? Big banks like Standard Chartered and Citibank.
Citibank has issued roughly a third of the 3 million credit cards in use in India. On several different occasions over the past few years they have been accused of using collection agencies that strong-arm their customers into settling credit card balances. In one instance, a Bombay woman said that "a collector working for Citibank called her, implied she was a prostitute, and told her she had 'better pay up or else.'"
Citibank acknowledges complaints regarding a "tiny fraction" of their debts that were referred to collection agencies, but maintains that those cases are not indicative of a greater problem. According to Bombay's anti-extortion squad, however, "it is a fact that there are a lot of complaints against Citibank, but unfortunately, no one is approaching the police."

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