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What arbitration action would be taken for not paying credit card payment

For not paying credit card payments for more than 6 month and when the credit card is defaulted. Bank agent mentioned that they would file arbitrary case against me. And also if i could not able to pay in the specified period, my credit score would be not recovered for three years.. could you please guide me to approach this issue?
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Arbitration
Posted on 27-Sep-18
P
Advocate PRABHAKAR
Answered on 18-Oct-18
The matter can be referred to Arbitation and an Award can be passed based on the pleadings. The amount can be recovered accordingly or it may be discharged depending upon the nature of award.
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