Loan - dad had taken money
1 year ago
Dear concern
My dad had taken loan from unauthorised without informing our family and money lender have not registered lisence, my dad took nearly 1lakh eighty thousand he was paying interest after years the money lender came to us and said ur dad is not paying interest and like i got afraid and paid him around eighty thousand he's demanding extra 1lakh eighty thousand..i don't what to do got afraid so now I'm asking help from you...what should I do.. and there is no proof or documents with money lender and telling I'll take come some people and see what will I do to you.. and I have sis ..now I'm not afraid but my sis got engagement.. we are like soft nature don't know what to do ..
These kind of loans with usurious interest and extortion is illegal and you can refuse to pay the interest in place of your father. If he threatens you then you can also lodge a police complaint
Ask the lender to file Civil Suit for recovery of such amount if he is legally entitled. Lodge complaint against him as he is taking law in to his hands and forcing your father to repay the loan.
You don't have to be scared. Kindly clarify the following:
1) How was the loan taken? when was the loan taken?
2) In cash or cheque?
3) Did your father sign any documents?
4) When was the last payment made by your father?
If any person is lending money illegally(that is without any documents and high-interest rates), that person can not take any legal action against your mother by any law until and unless they have some documentary proof regarding the same. If there is any harassment by them against you or your sister then immediately file a complaint against them before your local police station. Don't pay unless he has some documents to show.
Credit card
Harrassment and verbal attack on personal misfortune by Bajaj Finserve TVM
Complaint regarding not refunding fees.
Insolvency
How to get stay order of property possession taken by NBFC
