Thank you very much unclebulgaria67. I came across this forum, and found some really good, active participation here. So i just thought trying to find everyones point of view on this subject. Thanks a lot for the reply, appreciate it.

I lived in Australia till 2010. I was using a Credit Card and making all payments on time. Then in 2010 i moved back to India, and i do not intend on going back to Australia. I was making regular minimum payments till about 2013. Then my financial circumstances changed a bit and I was not able to make any further payments. I wrote to the bank asking for assistance in financial hardship, which is a facility that they provide. However my request was rudely rejected. I stopped making the payments, and I got reminders and legal action threats and so forth. I would get call early in the morning,