90,000+ Legal Questions Answered
Personal loan
3 years ago
I have taken a small loan of about 10000 from a finance company just before lockdown and now due to some financial issue i cant pay the loan but will need some time. I also got in touch with them to give me some time so i can repay it but they keep calm ng and telling they will send recovery agent and legal notice if i dont pay
Indranil Bose
Responded 3 years ago
A.You must submit a letter praying for time to re-pay...and you must go through your loan papers and its terms and conditions thoroughly....
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hello,
Can you please elaborate the facts, however you can send them a legal notice if they are not ready to listen and settle the issue.
Can you please elaborate the facts, however you can send them a legal notice if they are not ready to listen and settle the issue.
Helpful
Helpful
Share
A.Hi,
Since you tried to convey them your financial situation and than also they are not accepting for settlement, than you should them a legal notice. However more facts are required to help you out.
Since you tried to convey them your financial situation and than also they are not accepting for settlement, than you should them a legal notice. However more facts are required to help you out.
Helpful
Helpful
Share
Ankur Goel @ Complete Law Shield
Responded 3 years ago
A.It is small loan.
you took personal loan due to some financial issue only.
now you are not able to pay personal loan due to some financial issue.
they will recover from securities you given.
Hope this clarifies,
Advocate Ankur Goel
(Complete Law Shield) #YourLifeYourChoice
Note - This is just a small advice. Proper advice can happen only after going through details.
you took personal loan due to some financial issue only.
now you are not able to pay personal loan due to some financial issue.
they will recover from securities you given.
Hope this clarifies,
Advocate Ankur Goel
(Complete Law Shield) #YourLifeYourChoice
Note - This is just a small advice. Proper advice can happen only after going through details.
Helpful
Helpful
Share
Read Related Answers
My friend stood as guarantor to a chitfund company
Dear Sir,
The legal heirs of deceased that is wife is not a signatory to such guarantee paper. Get all the relevant papers maintained by the Chit Fund and approach the Civil Court and get a stay order...
Threatened
Dear Client,
When you joined the coaching institution accepting their terms and conditions, you should have informed the Coaching Institute about your cancellation or discontinuation of the coaching t...
I was unable to pay the dues of loan. The pocketly employees are abusing
Dear Client
When you have taken the loan then its your duty to repay the same and in case you are not in a position to pay due to any reason then you should let them know that you cannot pay now but y...
Instanova loan
Dear Client,
In the given situation, if you are confident with your loan status, you may file a complaint against the Bank to the regulatory authority RBI online on its grievance redressal portal und...
Took money based on lies
Dear Client,
In the given scenario, you can serve a legal notice to the person to whom you lend your money and if you possess sufficient proof in support of your claim you can file suit for cheating a...
Read Blogs on Debt Collection
Debt Collection Lawyers
Find Lawyers by Location