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Education loan default
3 years ago
I got education loan lawyer notice.i don't know what to do.so what is next legal procedure form my self.
A.Now you should reply the lawyer's notice. We need to go through the entire educational loan documents signed by you. If there is a lien /mortgage provided by you as a security such as your flat or any FD then you will have to pay the entire EMI and if it is having any other clause pertaiing to the job guarantee and educational loan then accordingly you have sufficient time for defence and you can also restructure the loan.
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ADV. ANISH PALKAR (High Court)
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,
It is advisable to reply to the legal notice first, otherwise they might take legal actions against you. If the amount has already been paid by you, you can solve the confusion by replying because there are chances that the default must have happened from their side too. Replying would be the best option for you. Thank You
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It is advisable to reply to the legal notice first, otherwise they might take legal actions against you. If the amount has already been paid by you, you can solve the confusion by replying because there are chances that the default must have happened from their side too. Replying would be the best option for you. Thank You
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A.Hi,
Since a notice has been sent to you, there might be a default in payment of the EMI or the complete loan amount. You can reply to the notice and resolve the confusion if the entire EMI or the loan amount has already been paid by you. If you wouldn't reply, they might go to court. Replying to the legal notice would be the best option. Thank You
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Since a notice has been sent to you, there might be a default in payment of the EMI or the complete loan amount. You can reply to the notice and resolve the confusion if the entire EMI or the loan amount has already been paid by you. If you wouldn't reply, they might go to court. Replying to the legal notice would be the best option. Thank You
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Vaidehi Samant
Responded 3 years ago
A.You will hve to reply the legal notice or clear the default if any made in repayment of EMI of loan otherwise after waiting for the time specified in the notice they might file a case against you for loan recovery in Debt Recovery Tribunal or civil Court depending on the loan amount.
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