Guaranteer property e auction sold out.
Guaranteer property e auction sold out.
As an Guaranteer of brother loan 8cr. from indian bank. My property also attached. In e action they sold my property nearly 3cr. It worth more then that. Is it possible get my property back by paying
7 months ago
A. Dear Client,
you are already late opting for any remedy to get back your auctioned property. A remedy to get back your property was available before the auction under SRFASI Act, 2002. Section 13(3A) of said Act, primarily lays down that any security interest created in favour of a secured creditor is enforceable without the intervention of any court or tribunal. As per sub-section (2) a creditor is required to issue a notice in writing to the borrower to discharge his liability within sixty da ...ReadMore
Deceased fathers private debt
My father had borrowed money from a certain individual in lieu of starting a business over the course of a few years in installments. He passed away recently with debt unpaid and with no business or p
7 months ago
A. Dear client,
If a parent dies, their debt doesn't necessarily transfer to their surviving spouse or children. The person's estate—the property they owned—is responsible for their remaining debt.
Recovery agent visit to address
I have not taken any loan but still the recover agent has visited my address and is claiming that I have taken loan and calling husband. I don't have my current residential address in any of the docum
7 months ago
A. Dear Client,
When you did not avail of any loan from any Bank or NBFC, then how the recovery agents visited your residence and threaten you for repayment of the outstanding loan? Undoubtedly it appears that either for lack of information or communication, recovery agents might have visited your residence. So in the prevailing situation, you need to contact the concerned Bank whose recovery agents visited your residence for the collection of dues and gather detailed information. Both Supreme Cour ...ReadMore
Ecs Nach bounce
Sir I have multiple unsecure loan . Now I have no money due to my wife admit in hospital and after 22 days she died. I lost my all savings and job. Now I have no job and not any income. What can nbfc
7 months ago
A. Dear Client,
Once the EMI against a loan is not repaid for consecutive 3 times by the borrower for any reason whatsoever, it is treated by Bank as NPA. Accordingly, Bank sends notice to Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response from the Borrower, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. You c ...ReadMore
Not able to pay Loan
I have taken loan for my business (share market), But unfortunately, I have lost all my money and now not in a condition to repay any loan. I am currently working as salaried person getting Rs 65800 a
8 months ago
A. Dear client,
You may write an application to the concerned bank asking dues settlement, explaining why you are unable to repay your outstanding dues owed on the loans. Also, mention that you'd like to look into different repayment options. Specify the amount you are willing to pay as well as what you want in return from the creditor Bank. A solid beginning point for negotiating is to offer roughly 30% of what you owe. Furthermore, a brief counselling session with a professional credit counsellor ...ReadMore
My Friend Cheated, I am Unable to Pay Loan
My Friend used my Paytm Postpaid, Usually he pays me back but 4 months back he Ran Cheating everyone and from past 3-4 Months I am Paying but Now I Am Unable to as Amount is 45000 and I don't have any
8 months ago
A. Dear client,
If you have lent money to a friend and they have not repaid the amount as agreed, you may be able to recover the money through legal means in India. Here are the general steps you can follow:
Send a demand letter: You can start by sending a demand letter to your friend asking them to repay the money they owe you. The letter should clearly state the amount owed, the terms of repayment, and a deadline for repayment.
File a civil suit: If your friend does not respond to the demand lett ...ReadMore
Cheating - gave money to mechanic
I gave money to mechanic to provide me a car but he didn’t provide any. Then I asked him to return my money and now he is just saying that he will give from past 2 months. I gave him 50k he returned
8 months ago
A. Dear client,
Please file a complaint against him under section 420 of the IPC(Cheating).
Cheating has been made a punishable offence under section 420 of the Indian Penal Code. It states that whoever cheats another person and thereby dishonesty induces any person so deceived to deliver any property commits an offence under this section. The section punishes such a person with an imprisonment of a term which may extend to seven years and shall also be liable to fine.
Loan Settlement - loan taken from different banks
Good Morning Sir, I want to know how to get settled from personal loan taken from different banks / financial institution but due to some reason I am now unable to pay the huge emi every month. Is the
8 months ago
A. Dear Client,
Once the EMI against a loan is not repaid for consecutive 3 times by the borrower for any reason whatsoever, it is treated by Bank as NPA. Accordingly, Bank sends notice to Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response from the Borrower, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. You ...ReadMore
non paying emi
i have no money to pay personal loan emi because i m now jobless and in bed from backache but i will pay after 6/8 month what should i do now?
8 months ago
A. Dear client,
You can ask the bank in prayer for extra time to pay the debts, but you cannot, under any circumstances, avoid your obligation to repay the loan. If the Bank files a lawsuit in civil court to recover an unpaid loan from the borrower, the court may order the attachment of collateral security for both the borrower and the guarantor in order to recover the debt.
Threatening and visiting parents house
My hdfc credit card has a minimum due of 9k and i paid 6k due to financial issues, i have been paying my dues on time all this time, yet the recovery agents started calling me and harassing me, for th
8 months ago
A. Dear client,
The Supreme Court and the RBI both issued directives and advice prohibiting NBFC, FI from using force or coercion when sending out recovery agents to collect debts from defaulting borrowers. As a loan defaulter, if you receive these types of threatening calls or messages from collection agencies or other unidentified parties, you should report it to the local police department, submit an online grievance to the RBI, with a copy to the relevant bank or financial institution,
