Unable to Pay the loan and credit card payment
Unable to Pay the loan and credit card payment
Dear Sir, My brother took a loan on a credit card of repuess 1 lakh and used credit card of repuees 80k, loan outstanding is nearly 64k and card out standing is 90k. he unable to pay the amount for t
1 year ago
A. Contact your credit card company immediately because many creditors may be willing to work with you to change your payment if you're facing a financial emergency. You can also stand against the harassers, by getting Remedies against harassment by Recovery Agents.
Loan Repayment - loan is outstanding
My personal loan is outstanding with the bank since 2 years as I was unemployed for 1 year due to pandemic & I need 1 year of time to arrange the funds to repay the bank. But the bank and recovery
1 year ago
A. Dear Sir,
Remedies against harassment by Recovery Agents
Written By : Kishan Dutt Kalaskar Retired Judge
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. After that, she moved to the poli ...ReadMore
Property NPA having title suit
Sir, I have a property that has gone in NPA. I bought this property in 2005 and I had a CC loan with a Govt Bank since then. In 2012, I closed CC. And in December 2013, I took a new loan in OD format
1 year ago
A. Dear Sir,
You are in difficult situation since the Bankers may attach your father’s property but they cannot register any 420 case against you if registered you may go to the High Court and get it quashed.
Credit card settlement
Is credit card settlement legal? I missed one emi so they are asking to pay everything in one shot. 66k was my card limit for one month delay penalty is 7k. I requested for emi option but cannot bear
1 year ago
A. Dear client. It is true, credit card settlement is legal. However, debt settlement is the right choice for some people, but keep in mind that it will lower your credit score and make it harder to borrow money in the future. Even if you do qualify for future credit, your interest rates will be much higher than they would be if you had an excellent credit score
Legal notice from Bajaj finance
I got the phone financed by bajaj finance on january 20, 2022, i also paid emi for january, february but, due to some reason i could not pay in march, Bajaj Finance applied ECS 5 to 6 times When the
1 year ago
A. Dear client, I am sorry to hear that.
In this case there are few options available to you. Firstly you can initiate a conversation with your financer. In case it doesn't work then :
Refinance your loan
If your problem is one where the EMI is too high, due to either an increase in overall interest rates, or an increase in your personal commitments to yourself, your loved ones, or any other matter personal to you that reduces your bank balance, or a combination of these factors and others, the ...ReadMore
bank loans-borrowing money
Hi there, I submit my land document to the bank for borrowing money, for the few months I can't pay the due, so the bank decide to prepare for auction and they informed. Is there any law says that the
1 year ago
A. Dear Sir,
That option is not available because it seems you have mortgaged the entire property and at the most request the bankers to auction the property and bring prospective buyers by yourself.
Unable to repay home loan
Sister had accident 5 years back and got 90% disability. Before this she took unsecured home loan now we are not able to repay loan until we get insurance claim. Nominee in this case was his husband.
1 year ago
A. Dear Sir,
Remedies against harassment by Recovery Agents
February 18, 2021
Written By : Kishan Dutt Kalaskar Retired Judge
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There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. ...ReadMore
Bankruptcy Declaration
My father used to run a shop which after the second lockdown was shutdown in 2021, he baught a house in 2019 taking a mortgage and now is unable to repay his debt. Can declaring bankruptcy be helpfull
1 year ago
A. Dear Sir,
You may go for insolvency petition as follows:
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The provisions of Bankruptcy and insolvency Act may be used to get relevant certificate. The highlights of the Act are as follows followed by a link.
KEY HIGHLIGHTS
1. Corporate Debtors: Two-Stage Process
To initiate an insolvency process for corporate debtors, the default should be at least INR One Lakh (which limit may be increased up to INR One Lakh ) by the Government). The Code ...ReadMore
credit card and personal loan repayment faliure
dear sir, i hve credit card and personal loan dues , and not able to give any of emi now or next 6 month, pls suggest what will be i do, bank pressurise so much ,every day got a harrahment call and ho
1 year ago
A. Dear Client
You need to get in touch with your bank and discuss the matter to resolve it amicably. See the fact is that once you have taken the loan then you need to repay it as it is not your money but bank's money.
Secondly you can declare yourself bankrupt but remember that is not an easy way.
Recovery agent -harassed by Fullerton India recovery agent
I have been harassed by Fullerton India recovery agent, and I am receiving the calls at 11:00 pm in the night also.....just for a day's delay and they have also....last time come home and harrassed ra
1 year ago
A. Dear Client,
You must repay the loan as soon as possible and about the harassment, you can file a police complaint against the bank for mental harassment.
