Harassment due to chit fund loan Harassment due to chit fund loan

2 years ago

sir i paid 19 months of chit of total 20 chits with one individual lady. 1 month that too last month payment (60K) pending because of finacial crisis. Now that lady telling that she will come home and sit till I pay the money. from This Jan to Jun - i need to pay 40K every Month. So total outstanding 3L + 2.5Lakhs. she said that she will come whever i go. Im totally frustated and thinking about wrong decisions which cause my childrens life.

Anik

Responded 2 years ago

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A.Dear Client,
No one has the authority to harass you. If you have taken a loan you are liable to pay but the same cannot be collected going outside the rules and guidelines prescribed by RBI. If they are you can go and file a complaint in you local police station.
Thank you
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Abhimanyu Shandilya

Responded 2 years ago

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A.Dear Client
No one can harass you unnecessarily even if you have taken loan from that person or organization. In fact the business of chit fund is illegal if done without the license for running a business of loans and mortgage. Tell her that you will repay all the loan but she should not trouble you or else you will lodge a complaint with the police.
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