Legal notice reply Legal notice reply

2 years ago

I got personal loan with home credit company. I unpaid the last 4 months dues because of lost job and affected by corona. Now i got legal notice from my home credit finance stating to pay the full amount from one week of recieving the notice . Pls advice

Ayantika Mondal @ Prime Legal

Responded 2 years ago

A.Hello
You cannot deny to pay the loan back or say you can't pay, it's you liability to pay the loan back. Although you have an option to try contacting them and request them to give you some relaxation and Reduce your emi. Also it's there call to do so.
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Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 2 years ago

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A.Hello Sir
As you have taken loan you are liable to pay it back. Although if you are unable to pay them back you could contact them and explain your situation and try to negotiate to settle on a lower amount or to reduce your emi's.
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