Demand notice from bank loan
Demand notice from bank loan
I have a personal loan with AXIS Bank. However due to covid i lost my job and didnt pay 3 emis. The legal team called me and said they have sent a legal notice to my old address. I am not staying tha
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
Bankruptcy and debt
Hello sir/mdm, In last year 2020 i was lost 13 lakh rs in shre market ane i was take this money from diffrent type of credit card.now i have no money to pay bank and also i have no any property in my
3 years ago
A. But who advised you to invest 13 lakhs in share market? Here is a small story for you
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs.100/- each. The villagers were ecstatic since there were tons of monkeys in the nearby forest.
The villagers, sensing this unique opportunity, went out to the forest and started catching the monkeys with ease. The man bought thousands at Rs.100/- and as supply started to diminish, the villagers st ...ReadMore
Ayantika Mondal @ Prime Legal
Insolvency
Sir I have credit card dues and personal loans due of 25 lakhs. I filed insolvency petition in city civil court. Does civil court have powers to accept my petition or should I approach any other court
3 years ago
A. Yes, city civil court have powers to accept insolvency petition.
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)
I couldn't pay my credit card dues
I am holding sbi credit card with the limit of 438000rs and due to Covid 19 factor I couldn't pay my credit card bills. My business was shut and there is no source of income for me. Recovery agents ar
3 years ago
A. Apply for insolvency in court.
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 ...ReadMore
Ankur Goel @ Complete Law Shield
Reg. Credit card and Loan dues
I made a huge mistake in my life that utilized all of my savings (advance PF, wife gold and some chitties) in trading and I lost everything. It was all mad days for me then I took loan from my credit
3 years ago
A. Dear Sir
You may get issue a strong legal notice and stop the bankers from troubling you.
Please give me RANK FIVE (5) if my answer satisfies you.
Bank
I have ongoing loan from NBFC. Due to pandemic I couldn't pay in time. Now they're calling my phone contacts and also messaging them.is it legal ,how I get rid of them
3 years ago
A. 1. you must have given them the permission while installing their APP, however, still calling the contacts regarding the matter is unethical,
2. you can file a police complaint or raise your concern through legal notice with a copy to the RBI
Suneel Moudgil
A. Get issue a legal notice and approach Banking Ombudsman.
If my answer is helpful to you then please give my FIVE STAR
non able to pay credit card and unsecured loan
Respected sirs, As I've not paid since 8 months credit card payment as well as unsecured loan. Now i am not in position to pay for minimum one or two year. Bank recovery agents demand but i can't pay
3 years ago
A. Just neglect and be strong to face them or get issue a legal notice on the basis of judgment of SC against recovery agents.
If my answer is helpful to you then please give my FIVE STAR
Shreesh Chadha
Would Bank Seize Property of Widowed Housewife If Her Husbands Died ?
Hello, I have recently lost my father. My father took a secured from an NBFC mortgaging his shop. My mother is the legal heir of that shop.she is housewife and can't repay the loan. That shop is also
3 years ago
A. 1) Your best bet is to resist actions taken by the NBFC. You will receive a legal notice from the NBFC if your account with the NBFC is declared as NPA. However, that does not happen immediately and you will have have opportunity at SMA 0,1,2 stages as well.
2) Your mother is liable for the debts occurring on the shop including the loan amount. Not paying is not an option, and you should start arranging funds if you want to keep the shop.
3) Contrary to what has been stated above, you cannot ...ReadMore
Shreesh Chadha
Credit card and personal loan debt
I have credit card debt of 10,00,000. 2,50000 debt in personal loan on credit card and 1 separate personal loan of 1,50,000 from bank. In total, I have debt of around 14 lacs and I do not have any w
3 years ago
A. As you don't have the money to repay & you don't have any assets...... so no need to worry much as nobody will be able to take any money from you as you don't have it. You file for insolvency through a Local C.A. /Lawyer.
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 ...ReadMore
Rameshwar Dadhe
