Loan Loan

1 year ago

I have taken loan of 10000 from pocketly. They really file a legal case on me. Currently don't have money to pay....

Kishan Dutt Kalaskar

Responded 1 year ago

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A.Dear Sir,
For that small amount they cannot file any case and if filed the legal expenses would be more than amount lent to you.
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Anik

Responded 1 year ago

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A.Dear Client
Its better to pay that much amount which you are able to pay so that you can overcum financial burden and after that if you are still not paying then you will be declared as defaulter. After that you wil be appearing in court for recovery suit and after that court penalize you and charge interest on you and if you will not pay within the prescribed time then court will attach your properties so that loan amount can be recovered so its better to avoid tough litigation you should pay the amount which you are able to pay.
Hope it helps
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Advocate Simi Paul

Responded 1 year ago

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A.Hi client,
If you have taken a loan it means you are liable to pay it.
You can write a letter to the concerned bank/loan authority seeking some more time.
If they grant that is fine, if not you have to wait for the legal consequences.
Thanks and Regards
Simi Paul
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