Loan repayment calls from HDFC bank
Loan repayment calls from HDFC bank
I've been getting calls from HDFC bank for over 6 years asking to repay a loan I never got. I don't even have an account in HDFC bank. They ask for a Mr. Rajasekaran(My name's not Rajasekaran) who ha
2 months ago
A. Dear Client,
Consider sending a cease and desist letter to HDFC bank, clearly stating your situation and demanding an end to the calls. Keep a copy of the letter for your records. If the calls persist, you may want to file a complaint with your local consumer protection agency and consider seeking legal advice. Additionally, explore options like registering your number on a "Do Not Call" registry and utilizing call-blocking apps to minimize disruptions.
Thankyou
Loan - Iwill not be able to pay EMI
Dear sir I got into a very difficult situation. Please can somebody help. I am not from a very great financial background, I wanted to join data training for learning and job opportunities, for whi
2 months ago
A. Dear Client,
It appears from the contents of your query that you are trapped by online job scam entities who extort money from the victim by illegal means. So, in the given situation, instead of panic, face it boldly. Try to avoid or stop all sorts of communication with the concerned entity and make a complaint against the fraud company to the local police station by way of GD(General Diary) with the documents/evidence you have and take a receipt of the GD from the Police station and serve a leg ...ReadMore
High Debt
Sir, I am a government employee, but in a bad financial condition I had get loan from many credit cards , and a housing loan also. Now my salary is half of my all emi+credit card minimum dues.. I wa
2 months ago
A. Dear Client,
A borrower of a loan or defaulter of credit card dues is held liable personally for his or her debt for non-payment of the outstanding amount of the loan or credit card. Once the repayment of the loan stops or bounces for consecutive 3 installments, The Bank initiates a routine course of action for recovery of the loan from the borrower marking the loan as a bad loan/NPA. You can make a prayer to the Bank for some more time to settle the dues but cannot escape yourself from your li ...ReadMore
Filing suit in DRT
I had taken loan by mortgaging my house property due to my financial constraints I stopped paying instalments. The financer has obtained decree from DM for taking possession of my house and demanding
3 months ago
A. Dear Client,
Sub-section (3A) of Section 13 of the SARFAESI Act, introduced through a 2004 amendment, allows borrowers to present objections or representations regarding the notice issued under subsection (2). The creditor is obligated to assess such objections and, if deemed meritless, communicate the reasons for non-acceptance within fifteen days. The Delhi High Court emphasized the mandatory nature of Section 13(3A) in light of the Supreme Court's judgment in ITC Limited v. Blue Coast Hotels ...ReadMore
Guarantor for third person
Hello sir i want to ask about my father who in around 2016-17 with his free will agreed to become a guarantor for someone he knew well enough and that following person borrowed money from 6 Registere
3 months ago
A. Dear Client,
A Guarantor holds equal liability for repaying the principal borrower's debt, and if standard recovery measures against the borrower fail, the bank can initiate debt recovery from the Guarantor. In the absence of a Guarantor, their surviving legal heirs may still be held responsible for settling the debt from the inherited assets. While you can request more time for repayment, you cannot evade the liability. Legal actions, including civil suits or criminal proceedings, may be pursue ...ReadMore
Cyber complaint
My bank account was freezed by cyber cell of Gujarat ...i live in Bangalore ...n I got a acknowledge number n i spoke to victim to unfreeze my bank account ...he told I lost The amt when that is amr
3 months ago
A. Dear Client,
After reporting a fraudulent transaction to the Cyber Crime Cell, the victim's bank, under the Cyber Cell's instructions, freezes both the victim's account and the suspected accounts linked to the scam. These accounts remain inactive until the investigating agency completes its inquiry and submits the final report. The duration of the investigation varies based on the case's complexity, available resources, and the victim's cooperation. Seeking advice from a cybercrime expert or a l ...ReadMore
Procedure to stop take poession of flat from bank
In 2018 we took home loan in me & my husband name as co borrower & we paid emi till 2020 after covid business was not going well & 2 months ago husband was expired & yesterday poession notice came so
3 months ago
A. Dear Client,
Firstly, contact your bank immediately and explain the circumstances. Some banks offer insurance coverage for the outstanding loan amount in case of the borrower's demise. Additionally, inquire about any relief or restructuring programs the bank may have due to the COVID-19 situation.
Consult with a lawyer to understand your legal options and potential courses of action. Depending on the circumstances, you may explore the possibility of transferring the loan to your name solely, see ...ReadMore
Loan related
Hello.my question hai one of my frnd took emi loan in my name to treat his mother during cancer and he promised me to pay all the money but somehow he managed to pay only the lumsum amount and afterw
3 months ago
A. Dear Client,
If your friend borrowed money using your name and hasn't repaid the loan despite promises to do so, you can take several actions to recover your money. Start by documenting all the evidence you have, including call records, messages, and any written agreements or acknowledgments.
1.Communication:Send your friend a formal written communication, reminding him of the outstanding debt and requesting repayment. Clearly mention the amount owed, the terms of repayment, and a reasonable dea ...ReadMore
Can an unemployed person apply for insolvent and bankrupt
I was working until last year. Due to a severe health issue, I cannot join any job. I have taken loans of around 13+ lakhs and 1.3 credit cards. I have not paid EMI for the last 1 year. I get constant
3 months ago
A. Dear Client,
If you are facing financial distress and are unable to repay your loans due to health issues, you may consider filing for insolvency under the Insolvency and Bankruptcy Code (IBC) in India. The process involves declaring yourself bankrupt and seeking resolution for your financial obligations through the National Company Law Tribunal (NCLT). Filing for insolvency can provide relief from creditor harassment and give you an opportunity for a fresh start.
Once you obtain an insolvency c ...ReadMore
Salaried Personal Load Repayment
Sir, I have taken the personal Loan in 2019, due to some financial losses i haven't paid my Emi's on time, but as on date i have cleared all my Emi's. but still, I am getting legal notices Like will S
3 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 the Bank as NPA and charges interest over the outstanding amount of the loan enhancing the tenure of repayment of a loan that increases your liability even if you clear your rest EMIs against the loan. Accordingly, the Bank sends notice to the Borrower asking him/her for repayment of the entire dues lying against the loan. In the absence of any response from ...ReadMore
