CC LIMIT LOAN ON STOCK
CC LIMIT LOAN ON STOCK
MY FATHER TOOK A CC LIMIT LOAN NAMED A FIRM , WHICH PROPRIETOR MY MOTHER SO MY FATHER TAKE A LOAN AS MY MOTHER NAME WHICH A CC LOAN AGAINST GOOD , MY FATHER MANAGE THAT BUSINESS 3 YEAR AGO MY FATHER D
3 years ago
A. The CC limit is given by bank on the basis of business performance as your family/mother cannot run the business so the Cash Credit facility will be closed by the bank & the balance amount will be recovered by selling off the business assets. If ur current business is NOT working shift it to something else, otherwise u will go into more losses.
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Ayantika Mondal @ Prime Legal
Bankruptancy
Sir ,we have a house loan of 30lakhs .tenure period15 years.my mother and father were the nominees.un expectedly my mother has died 2 years ago due to internal diseases.and it lead my father into depr
3 years ago
A. I think you have used the word ' nominees' in place of borrowers. Visit the Bank and see if teh laon is insured against death of borrowers. Update me about what you come to know.
Liability of heir of a Guarantor after death of Guarantor
My father was guarantor to for a loan secured by his company. The company went under and the banking institutions filed to recover the pending money. My father also filed for Insolvency. However, he d
3 years ago
A. If you have not inherited any property from your father, you declare you are unable to pay. You can ask for me in Vidhikarya to defend you.
Loan Repayment Issue
I had taken a loan from RBl,Kotak of about 4 lakhs. I have paid more than 15 emi's out of 60. I also have credit card outstandings and various other small loans. My salary is Rs 36,000 and my total em
3 years ago
A. In my experience, Kotak wouldn't restructure your loan. They will issue a loan recall notice and then invoke arbitration in Chennai and subsequently 138 proceedings in Ahmedabad. Better be prepared for the incoming litigations.
Rishikesh Gherade
A. There is NO kind of settlement in case of Housing loan. It will be shear waste of time. You will NOT get NOC for selling the flat & the ORIGINAL sale deed will NOT be released by the bank.
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Payment dues
During the pandemic i lost my job and due to that i am unable to pay my card and emi dues..i have paid till the dec 2020 but now it's very hard for me to pay it further. Banks and the recovery people
3 years ago
A. 1) As you was the regular payer of Bank loan/ credit card there is nothing much to worry as the covid-19 situation is NOT been deliberately bought by you, but it is due to the situations beyond your control.. & a national Disasters .
2) Using of any abusive language with your wife/ family members is very much illegal as the card is not in her name request you to record all the calls immediately along with the Caller name, time and date and save it into a pen drive forward it to us
3) All this h ...ReadMore
Sidhaarth S
Ayantika Mondal @ Prime Legal
Varun Vij
Loan documentation procedure legal
What is the legal way to document a loan being given to a relative? What terms can be covered like rate of interest, principal etc..in it?
3 years ago
A. For a relative loan Do make a promissory note & PDC- POST DATED CHEQUE & it should be executed in very strict manner.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
Ayantika Mondal @ Prime Legal
Bankruptcy/ Credit card due's
Hi, I have credit card from HDFC bank and also running some Personal Loans, due to covid-19 pandemic i am unable to payoff my Credit card dues and have requested time for taking loan and paying off th
3 years ago
A. Banks will have no mercy, ask vidhikarya to reach me.
Collection agent
Due to lockdown am struggling financially unable to pay emi on time and same facing collection agents issues any relif or advice to overcome from this trouble
3 years ago
A. 1) As you was the regular payer of Bank loan/ credit card there is nothing much to worry as the covid-19 situation is NOT been deliberately bought by you, but it is due to the situations beyond your control.. & a national Disasters .
2) Using of any abusive language with your wife/ family members is very much illegal as the card is not in her name request you to record all the calls immediately along with the Caller name, time and date and save it into a pen drive forward it to us
3) All this h ...ReadMore
Ayantika Mondal @ Prime Legal
Took money from friend
I took money from a friend few years back. Then a lot happened with me afterwards. I am still struggling in many ways. I just came out from an abusive marriage. I am looking for jobs too. He knows al
3 years ago
A. He cannot take any legal action against u. So do not worry..However, you can request your friend for extension of time as he is ur friend.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
