90,000+ Legal Questions Answered

Anik

Responded 2 years ago

View All Answers
A.Dear Client

As per the facts which have been provided, if you’re pretty sure that you do owe the amount stated then please don’t waste time contesting it as this will only cost you more money getting legal representation and so on. Bear in mind that the total figure may well include interest, late fees and court costs. So it's better to pay the loan amount.

Hope this clarifies your query and requirement.

Thank you.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconSharing bank statement of Defence Salary Account to third person wo informing
Dear Sir, You may get issue a legal notice to the concerned Bankers and the Head office and initiate legal action and claim huge compensation for not securing your account details which are private de...
question iconBorrowed money
Dear Client, Your query requires more details to address it suitably. You expressed your concern but not a cause of action behind that concern that attracts a legal remedy. It is a virtual platform w...
question iconPersonal Loan Settlement
Dear Client, You need to adhere to the payment of EMI and interest rates as provided by the financial corporations to settle the loan amount. In case of a financial crisis, you can contact the manager...
question iconHome loan for Gifting deed
Dear Client, Once a donor or owner of the property gifted the property to the donor through a registered deed of gift, the property becomes the self-acquired property in the hand of the donee who beco...
question iconCar loan
Dear Client, Once a borrower fails to repay his debt, the Lenders/FIs initiate a routine course of action for recovery of the loan/debt from the borrower. You may negotiate or settle your dues agains...