non paying emi
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,
10+ year old credit card was settled
I had paid and settled the credit card with Deutsce bank more than 10 years ago. Now, I am getting the below sms from reliance amrc and indusind bank. I do not have any document related to this now. P
9 months ago
A. Dear Client,
In the prevailing situation, you need to bring the arbitrary action taken at the belated stage,i.e, after a lapse of more than 10 years, by the concerned Bank to the notice of the Regulatory Authority, RBI by making a complaint online on its grievance redressal portal and the Banking Ombudsman concerned either online or offline. A complaint can be made at https://cms. rbi.org.in or by calling the helpline number 14440. The complaint may be lodged online or by filing a physical compl ...ReadMore
Recovery Agent abused and calling knowns and using my name and abusing.
A third party recovery agent is called my father and abused me in front of him and also used foul language for my mother as well. Also threatened me that he has all of my call logs and my fathers call
9 months ago
A. Dear Client,
In case of default in repayment of any loan as per the condition of repayment, Bank/FI takes a routine course of action permitted under relevant laws for recovery of debt lying outstanding against you. Both Supreme Court and Regulatory Authority, RBI issued orders/advisories refraining NBFC, FI strictly from taking any coercive or forceful action deploying the recovery agents to recover the dues from the defaulter loanee. Being a defaulter of a loan, in case you are getting such kin ...ReadMore
Lap - have loan against property
I have loan against property, due to business loss I am unable to pay emi, my family members saying settle the loan by one time settlement, but my bank not giving OTS, what I want to do
9 months ago
A. Dear client,
The Supreme Court has ruled that no court can direct a bank or a financial institution to offer OTS to a borrower when the bank or FI is of the opinion that it would be able to recover the amount through auction of assets.
When you miss a few EMIs on your loan, the lender typically begins the recovery process after sending you multiple notices. In the case of secured loans such as home loans, two-wheeler loans, and car loans, the bank can take possession of the asset as per the SAR ...ReadMore
Credit Card Payment Issue & Threatening Call
I have a pending amount of Rs. 35000/- for using credit card. Now the issue as i am unemployed i am facing financial instabilty for paying the amount hence i have mailed the bank for extension for tim
9 months ago
A. Dear Client,
Whenever any outstanding remains unpaid against your credit Bank/FI takes a routine course of action prescribed under relevant laws for recovery of debt lying outstanding against you. Both Supreme Court and Regulatory Authority, RBI issued orders/advisories refraining Banks/FI strictly from taking any coercive or forceful action deploying the recovery agents to recover the dues from the defaulter loanee. Being a defaulter of a loan, in case you are getting such kind of threat call ...ReadMore
Payment realisation certificate
Do I have rights to get a payment realisation certificate from asset reconstruction company. Is it my right.
9 months ago
A. Dear client,
In general, a payment realization certificate, also known as a discharge certificate or a no dues certificate, is typically issued by a creditor or financial institution to confirm that a debt or obligation has been fully paid and settled. Whether you have the right to obtain a payment realization certificate from an asset reconstruction company depends on the terms of the agreement or arrangement you have with them.
To determine your specific rights regarding a payment realizatio ...ReadMore
420 cheating case
My father indebted to some people he filed IP and waiting for it's approval meanwhile those people filed 420cheating case on all whole family asking us to come to the station to take 41notice but they
9 months ago
A. Dear client,
Cooperate with the authorities: If the police have issued a notice or summoned you to the station, it is generally advisable to cooperate and comply with their instructions. However, it is crucial to have legal representation during any questioning or proceedings.
Engage legal representation: If you cannot afford a lawyer, consider exploring options for legal aid or assistance from organizations that provide free or reduced-cost legal services. They can help ensure that your right ...ReadMore
Aditya birla loan NOC
I took a loan from my ABFL and paid all emi and they also issued NOC but after cross checking 1 EMI was due. Shall I pay this due or stick to the NOC issued by them ? NOC was issued due to technical g
9 months ago
A. Dear client,
we would advise you to pay up the finalEMI to avoid ambiguity and inconsistency. Failure to do so will lead to a lengthy litigation dispute which would be highly detrimental to your interest
I have a huge debt
Dear Sir I have a huge debt, which is from credit cards and un secured personal loans. Two month before I have lost my job, I am unable to pay the emi for the same. I am approaching the lenders for t
10 months ago
A. Dear Client,
Once a bank loan get unpaid for long time by the borrower, the lender Bank marked the said loan as Non-Performing Asset(NPA) and starts a routine procedure for recovery of said debt from the borrower. In your case, despite your voluntary offer for settlement of debts, when the Bank did not consider your offer, you may represent the matter before the Grievance Cell of the concerned Bank and the regulatory authority, RBI, and Banking Ombudsman. In case the matter is not resolved ther ...ReadMore
