Could not able to pay credit card and loan payment. Could not able to pay credit card and loan payment.

4 years ago

Dear Sir,

My brother was in job in a company. That company has terminated him due to some payment issue and file a case. He is on bail on that case. He has a due of credit card and personal loan of 20 lac. And we are not able to pay currently.But the agents and bank are regularly calling us , our relatives , my father and friends and threatning and visiting our place andfor payment. And giving mentaly harrasement. My brother is searching for the job currently. What should we do?

Kishan Dutt Kalaskar

Responded 4 years ago

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A.Dear Sir,
Your brother may file permanent injunction suit and get a stay. They have to file a suit for recovery of amount and it will take years together to dispose.
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Shreyash Mohta

Responded 4 years ago

A.Hire a lawyer for the same.
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Rameshwar Dadhe

Responded 4 years ago

A.Yes u must to pay it or approach to the concern bank for settlement otherwise send legal notice through lawyer
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