NON BANKING LOANS
3 years ago
I got loan from monexo for 24 months time i have paid 20 emi on time after this covid july month i lost my job in the month of april, june , july they heve't detected but i have sufficient amount in my account.they told moratorium but they did't confirmed me they have extended..now thw issue they really torturing today need to pay today is the last day or else you to pay with full penalty charges totally they are telling 28000 (but actual principle 11500 ) every day makes more tension so finally informed that guy whoo was contacting me i ll face this issue by legealy can u please advice this
A.Using of any abusive language with your wife/ family members is very much illegal as the card is not in her name request you to record all the calls immediately along with the Caller name, time and date and save it into a pen drive forward it to us
All this has been banned by the RBI then to advice you that as the situation is beyond your control straight away tell to them that you are unable to pay the outstanding dues. The maximum they can do is keep your name in CIBIL and a secondary advise to you do not convert the credit card dues into the personal loan as credit card interest rates are not backed by RBI
Send a email to all the banks asking for more time & if situation improves tell them you have a very positive intend to pay just like you have paid regularly before & if they keep on harassing you then you can tell that they may never get the amount. Also record all their calls & make a pendrive ready of all the recording with date & time & Name of the person calling, as if things really go bad you will have to take a legal action against them.
Now it’s the Time to file a police complaint that some unknown people / Recovery Agents with different numbers are calling them, a stern action will be taken.
But if you want to defend them and running the legal battle will be a costly task for you …as you have NOT mentioned what is your total outstanding dues. If you are ready for the cost… Legal actions are always open being an consumer
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
All this has been banned by the RBI then to advice you that as the situation is beyond your control straight away tell to them that you are unable to pay the outstanding dues. The maximum they can do is keep your name in CIBIL and a secondary advise to you do not convert the credit card dues into the personal loan as credit card interest rates are not backed by RBI
Send a email to all the banks asking for more time & if situation improves tell them you have a very positive intend to pay just like you have paid regularly before & if they keep on harassing you then you can tell that they may never get the amount. Also record all their calls & make a pendrive ready of all the recording with date & time & Name of the person calling, as if things really go bad you will have to take a legal action against them.
Now it’s the Time to file a police complaint that some unknown people / Recovery Agents with different numbers are calling them, a stern action will be taken.
But if you want to defend them and running the legal battle will be a costly task for you …as you have NOT mentioned what is your total outstanding dues. If you are ready for the cost… Legal actions are always open being an consumer
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
You can file a legal complaint against the agent or the bank or you can also file a civil suit for injunction against the bank and its recovery agents. There are remedies available against the harassment by recovery agents. If you found this helpful, please rate us.
You can file a legal complaint against the agent or the bank or you can also file a civil suit for injunction against the bank and its recovery agents. There are remedies available against the harassment by recovery agents. If you found this helpful, please rate us.
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A.Hi,
The Indian Law provides remedies against harassment by recovery agents. you can file a complaint at a police station or file a civil injunction suit against the bank and the agent. If you found this helpful, please rate us, thank you.
The Indian Law provides remedies against harassment by recovery agents. you can file a complaint at a police station or file a civil injunction suit against the bank and the agent. If you found this helpful, please rate us, thank you.
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A.Dear Sir,
You may check following blog on this platform itself...
REMEDIES AGAINST HARASSMENT BY RECOVERY AGENTS
Written By : Kishan Dutt Kalaskar Retired Judge (Advocate, Bangalore)
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 37...
You may check following blog on this platform itself...
REMEDIES AGAINST HARASSMENT BY RECOVERY AGENTS
Written By : Kishan Dutt Kalaskar Retired Judge (Advocate, Bangalore)
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 37...
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Share
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