Credit Card & Personal Loan
Credit Card & Personal Loan
Since Covid19 i am job less.I am 57 years old.My last salary drawn was Rs.1,00,000/- per month.During covid my both father & mother expired due to kidney failure & brain hemorrhage.I spent most of my
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
Non ability to pay my personal loan
Dear Sir/Madam, I am not not able to pay my personal loans taken from 4 banks (Rs.26 lac). As I lost my job in Jan 2020. Since April 2020 I am not able to pay my EMIs. I do not have any money / assets
3 years ago
A. ask for me thru Vidhikarya to file the case, I have filed 30 percent of insolvency cases in Bangalore this year.
CC LIMIT LOAN ON STOCK
MY FATHER TOOK A CC LIMIT LOAN NAMED A FIRM , WHICH PROPRIETOR MY MOTHER SO MY FATHER TAKE A LOAN AS MY MOTHER NAME WHICH A CC LOAN AGAINST GOOD , MY FATHER MANAGE THAT BUSINESS 3 YEAR AGO MY FATHER D
3 years ago
A. The CC limit is given by bank on the basis of business performance as your family/mother cannot run the business so the Cash Credit facility will be closed by the bank & the balance amount will be recovered by selling off the business assets. If ur current business is NOT working shift it to something else, otherwise u will go into more losses.
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Ayantika Mondal @ Prime Legal
Bankruptancy
Sir ,we have a house loan of 30lakhs .tenure period15 years.my mother and father were the nominees.un expectedly my mother has died 2 years ago due to internal diseases.and it lead my father into depr
3 years ago
A. I think you have used the word ' nominees' in place of borrowers. Visit the Bank and see if teh laon is insured against death of borrowers. Update me about what you come to know.
Liability of heir of a Guarantor after death of Guarantor
My father was guarantor to for a loan secured by his company. The company went under and the banking institutions filed to recover the pending money. My father also filed for Insolvency. However, he d
3 years ago
A. If you have not inherited any property from your father, you declare you are unable to pay. You can ask for me in Vidhikarya to defend you.
Loan Repayment Issue
I had taken a loan from RBl,Kotak of about 4 lakhs. I have paid more than 15 emi's out of 60. I also have credit card outstandings and various other small loans. My salary is Rs 36,000 and my total em
3 years ago
A. In my experience, Kotak wouldn't restructure your loan. They will issue a loan recall notice and then invoke arbitration in Chennai and subsequently 138 proceedings in Ahmedabad. Better be prepared for the incoming litigations.
Rishikesh Gherade
Loan regarding
I am paying my personal loan emi since 1 year and still i got calls everymonth that i m not paying it and they issued a legal notice and charged me with 420 and more.
3 years ago
A. Send them a reply drafted by a lawyer with evidences of your payment of emi 's.Section 420 is a non cognizable offence though your matter is of a civil nature relating to payment of debts it is very unlikely police will interfere in it but if registerd u can approach the Honble High Court for quashing of it with your evidences .
Ashutosh Patel
A. There is NO kind of settlement in case of Housing loan. It will be shear waste of time. You will NOT get NOC for selling the flat & the ORIGINAL sale deed will NOT be released by the bank.
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urgennt please help only 24 hours left
i have received a letter from home loan bank for physical possession on a date specified by them to handover the property to them. i have a default of 18 monts including lockdown and all. and also wh
3 years ago
A. no court will grant you stay against Bank dues. In DRT you have to pay heavy court deposit.
sarfesi act
For a home loan default, can a bank ask for repayment of full liability in 7 days or do they have to go strictly according to SARFESI act? That is, in order to act against defaulter, is it correct to
3 years ago
A. Bank can demand full amount with interest and charges. Under SARFAESI bank has firstly get the account NPA and thereafter notices under section 13 of SARFAESI Act. Borrower has no mercy to repay in installment or missed EMI unless bank give particular consent and accept the amount.
Sidhaarth S
Ayantika Mondal @ Prime Legal
