Mother in law mental harassment
5 months ago
My mother in law sold her flat n help us buy a new flat. My husband and I am paying the emi and also looking after mother in law. Past 3 years husband lost his job and we are in heavy debt. We are unable to clear loans and also not able to fulfil wishes of mother in law. Now she's mentally torturing us using abusive language and has lead me to depression. I am feeling suicidal.
A.Dear Client,
Since your mother-in-law helps you both financially to acquire the new flat, if any adverse action is taken against her, she may knock the door of the Court claiming maintenance from her son either u/s.125 Cr.PC or under the Parents and Sr. Citizens Act, 2007 making the situation worse for you. Instead, you may negotiate or settle your dues against loans by following the steps like lowering your interest rate, arranging for a reduced interest rate is one of the most common requests a defaulter borrower can make to the Bank, creating or restructuring a repayment plan or extending the tenure of repayment of a loan, looking for debt forgiveness. considering loan consolidation, offering a one-time settlement payment. Following these steps, you may write an application requesting for settlement of dues to the concerned Bank stating why you cannot repay your outstanding dues lying against the loans. But, usually, Lenders are not legally obliged to settle a debt by lowering your outstanding debt, but because they want to protect their bottom line, they may agree to a debt settlement to avoid further financial loss. You can try to negotiate a debt settlement on your own if your pocket permits, but sometimes it's typically done through third parties like debt relief companies, which you may hire to negotiate the settlement matter with the lender on your behalf. With this method, you will make payments to the debt settlement company rather than your creditors/lenders, along with any fees. Debt settlement is an agreement between a lender and a borrower in which the borrower repays a portion of a loan balance and the lender forgives the remainder. You may consider starting the negotiation by offering to pay 25% or 30% of your outstanding balance in return for forgiveness on the rest. But, it may be noted that while there are legitimate debt relief/settlement companies, there are also many scam operations. So, if you're considering one, the Consumer Financial Protection Bureau(CFPB) suggests for contacting your state attorney general's office and local consumer protection agency to ask if they have any consumer complaints on file about that company. Some states require that debt settlement companies be licensed, which may provide some added protection. Although a debt settlement can offload some of your financial crisis, there are also few potential risks and downsides to consider. First, a debt settlement will affect your credit score. That will make it more difficult for you to get credit or good interest rates in the future. Another potential drawback is that when you settle debt, you could face tax consequences. Further, a quick counseling session with a certified credit counselor can help you to discover your options and choose the right path forward.
Since your mother-in-law helps you both financially to acquire the new flat, if any adverse action is taken against her, she may knock the door of the Court claiming maintenance from her son either u/s.125 Cr.PC or under the Parents and Sr. Citizens Act, 2007 making the situation worse for you. Instead, you may negotiate or settle your dues against loans by following the steps like lowering your interest rate, arranging for a reduced interest rate is one of the most common requests a defaulter borrower can make to the Bank, creating or restructuring a repayment plan or extending the tenure of repayment of a loan, looking for debt forgiveness. considering loan consolidation, offering a one-time settlement payment. Following these steps, you may write an application requesting for settlement of dues to the concerned Bank stating why you cannot repay your outstanding dues lying against the loans. But, usually, Lenders are not legally obliged to settle a debt by lowering your outstanding debt, but because they want to protect their bottom line, they may agree to a debt settlement to avoid further financial loss. You can try to negotiate a debt settlement on your own if your pocket permits, but sometimes it's typically done through third parties like debt relief companies, which you may hire to negotiate the settlement matter with the lender on your behalf. With this method, you will make payments to the debt settlement company rather than your creditors/lenders, along with any fees. Debt settlement is an agreement between a lender and a borrower in which the borrower repays a portion of a loan balance and the lender forgives the remainder. You may consider starting the negotiation by offering to pay 25% or 30% of your outstanding balance in return for forgiveness on the rest. But, it may be noted that while there are legitimate debt relief/settlement companies, there are also many scam operations. So, if you're considering one, the Consumer Financial Protection Bureau(CFPB) suggests for contacting your state attorney general's office and local consumer protection agency to ask if they have any consumer complaints on file about that company. Some states require that debt settlement companies be licensed, which may provide some added protection. Although a debt settlement can offload some of your financial crisis, there are also few potential risks and downsides to consider. First, a debt settlement will affect your credit score. That will make it more difficult for you to get credit or good interest rates in the future. Another potential drawback is that when you settle debt, you could face tax consequences. Further, a quick counseling session with a certified credit counselor can help you to discover your options and choose the right path forward.
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A.Dear Client,
You may explore debt relief options such as debt consolidation, loan restructuring, or bankruptcy. Communicate openly with your creditors about your financial situation. Seek forbearance or repayment plans that are manageable within your current income.
You may explore debt relief options such as debt consolidation, loan restructuring, or bankruptcy. Communicate openly with your creditors about your financial situation. Seek forbearance or repayment plans that are manageable within your current income.
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A.Dear Madam,
You may file domestic violence case and 498A of IPC case against your mother in law alone then she may learn a lesson.
You may file domestic violence case and 498A of IPC case against your mother in law alone then she may learn a lesson.
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