Credit card demand legal notice
Credit card demand legal notice
I have received a demand leagl notice for non payment of credit card. I am very TENSED as they are calling me many times and saying if I don't pay them full in few days then they will ask me to co
2 years ago
A. Hello
You'll have to pay your credit card bills otherwise they have right to initiate legal proceedings against you. Better option you have is to contact the service provider as tell them regarding your situation they might agree on a lower amount payble for credit bills. Other option you have is to sort this thing out through alternate dispute resolution process.
Thanks.
Ayantika Mondal @ Prime Legal
Debt settlement
I would like to settle my credit cards and personal loan as now my financial condition is very bad. Total due is approx 12-13 lacs. Please guide
2 years ago
A. That is very high amount to settle easily.
Ankur Goel @ Complete Law Shield
Notice u/s 13(2) of Sarfaesi Act
I recently received a notice for my loan account with a private bank which they dispatched on 13 May and I received it on 25 May. I received a call from bank person that they will paste notice on my h
2 years ago
A. The Bank can not paste the notice under section 13(2) now as the RBI has issued a circular to not declare any property NPA due to prolonged epidemic COVID-19.
Yes you must approach the BAnk through your lawyer and ensure that they do not do this unlawful act.
Anand Bajpai
Taken Loan From Relative 7 Years Ago
HI Sir, I taken 6 Lakhs 8 years ago, for interest RS. 1.50 (Per Rs 100 Per Month). I paid RS. 3,50,000 in 2016. Now, I want to pay remaining Rs, 2,50,000 But he wants me to pay with interest. I ca
2 years ago
A. He dont have license to charge interest.
so he cant charge interest.
Even last time you paid in 2016 so time limitation of 3 years ended in 2019 until and unless he sent you any legal notice which he not sent due to relationship.
you can cheat your relative.
But others will come to know abt your truth.
So even when you dont have to pay him anything legally, you can pay remaining amount 2,50,000 + 50,000 if you want to.
Ankur Goel @ Complete Law Shield
Ceasing of car in lockdown
I am default on car loan for 5 month's, my car repossessed by third party agency forcefully without any notice or call, I requested them that by evening I will pay 2 installments and one more I will
2 years ago
A. Dear Sir,
You may approach Civil Court and restore your car.
BANKRUPTCY
I am the Channel Partner of an E commerce (online selling of Machines and Motors) company located at Banglore and given Security Deposit in the year 2018 and not signed the agreement copy. now Company
2 years ago
A. How you know company became bankrupt ?
for bankrupt they will not change address. They will close.
all the people can file FIR on company. Can file cyber crime also since it was ecommerce.
Ankur Goel @ Complete Law Shield
SARFAESI Act
A demand notice under 13(2) was issued for our loan account in February,2019. We cleared all the due and regularised the account. However, it is about to turn NPA again in May end when my 4th installm
2 years ago
A. Hi,
The borrower has a right to adequate notice and the account is classified as a non-performing asset (NPA) if the repayment is overdue by 90 days. In such cases, the lender has to first issue a 60-day notice to the defaulter and this process has to be duly followed for every default.
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Ayantika Mondal @ Prime Legal
Ankur Goel @ Complete Law Shield
Loan account turned NPA
A demand notice under 13(2) was issued for our loan account in February,2019. We cleared all the due and regularised the account. However, it is about to turn NPA again. I wanted to know whether there
2 years ago
A. same cycle like first time.
no possession straightaway.
Ankur Goel @ Complete Law Shield
NEED MONEY FROM PATASANSHTHA
I, Gaurav Mashalkar write this on behalf of my father Prakash Mashalkar who is a senior citizen . We are from Aurangabad, Maharashtra and we had deposited our money in fixed deposit in Bhaichand Hirac
2 years ago
A. Dear Sir,
please approach High Court.
Pardeep Kumar Dhiman Dhiman
Property eauction details
From, K.Saravanakumar, No.1, Lakshmanan Street, K.K.Pudur, Saibaba 15, Safdurjung Road, New Delhi. Sub:- Physical Possession Order issued on 19.12.2019. Respected Madam, I am SARAVANAKUMA
2 years ago
A. Hi,
The case related to debt recovery and reserve price of auction sale can be filled in Debt Recovery Tribunal or High Court of competent jurisdiction. The sale cannot be made below the reserve price value.
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Ayantika Mondal @ Prime Legal
