Need help - Bank gave me personal loan against my cibil
Need help - Bank gave me personal loan against my cibil
Bank gave me personal loan against my cibil. I invested money in business and lost my money. I am college student and I can't repay the loan right now. 3 emi already bounced. What can be done?
7 months ago
A. Dear Client,
Once the repayment of the loan stops or bounces for consecutive 3 installments, The Bank initiates a routine course of action for recovery of loan from the borrower marking the loan as bad loan/NPA. Lenders are not legally obliged to settle a debt lowering your outstanding debt, but because they want to protect their bottom line, they may agree to a debt settlement to avoid further financial loss. You can try to negotiate a debt settlement on your own, but sometimes it's typically ...ReadMore
E-auction done. - Any process to take stay or to delay occupancy
Am guarantee for my brother loan. Borrower and bank hand shake and sold guaranteed property in e auction low price. Borrower property remains not sold. Because my commercial is very demand. I want to
7 months ago
A. Sear Sir,
Immediately go to Debt Recovery Tribunal and get a stay on such illegal E-auction of your property when property of the principal borrower not sold.
Home credit
Hi sir I am shibsankar Dey I am borrow a personal loan amount of 1.68lakh emi of 8860/ for 47 months I know they Highly adding interest but still I already paid 12emi of rupees 8860/ per month but In
7 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 as NPA. Accordingly, the Bank sends notice to the Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response for the Borrower, they started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. You c ...ReadMore
I have debt of 27 lakh from app loan and credit card loan
Actually I took 27 lakhs personal loan from apps (navi, fibe, paytm, cred) and credit card loan on my good cibil, and 5 lakhs took from some people too. This is unsecure loan. I paid only one installm
7 months ago
A. Dear Client,
Here are some general points to consider:
Assess Your Financial Situation: Before taking any legal action, thoroughly assess your financial situation. Create a comprehensive list of all your debts, including the personal loans from apps, credit card loans, and the money borrowed from individuals. Determine your total liabilities and your current income, if any.
Communication with Creditors: Try to communicate with your creditors, including banks, app-based lenders, and individual ...ReadMore
High debt around 20 lakh of PL CREDIT CARD
I am not able to pay emi of personal loan and credit card that is amounting 20 lakh my monthly income is 55000 and monthly emi is 95000 please suggest what can I do I also gone for consolidation of sa
7 months ago
A. Dear client,
Negotiate with your lender – If you have been regular in paying your dues and a genuine reason has made it difficult for you to repay the loan you have the following options -
1. Deferring payment – By assessing your credit history and situation the lender may give you temporary relief to skip a month or two of EMIs. However, you will be charged a penalty during this grace period.
2. Reduction in EMI – The lender may reduce your EMI by either increasing the loan tenure or red ...ReadMore
HOW TO FILE CLAIM OF STERLING TREE MAGNUM (INDIA)LTD
I PURCHASED TWO TREES ON 28.11.94 VIDE CERT. NO D6951 APP NO G113976 WITH ITS MATURITY DTD 27.11.2014 ,TILL DATE NO RETURN PARTED WITH I UNDERSTAND MATTER GONE TO LIQUIDATION. HOW TO LODGE MY CLAIM
7 months ago
A. Dear Client,
I understand your concern regarding the two trees you purchased on November 28, 1994, as evidenced by Certificate No. D6951 and Application No. G113976. It appears that the maturity date for these investments was set for November 27, 2014, and you have not received any returns on your investment. If the matter has gone into liquidation, there are certain steps you can take to lodge your claim:
Review Investment Documents:
Start by reviewing all the documents related to your invest ...ReadMore
I am central government employee and I’m in debt of 30 lakh rupees
I’m a central government employee and I’m in a debt of 30lakh rupees which are bank loans, credit cards, app loans, hand loan from friends and colleagues. I’m in debt since one year. I paid the
7 months ago
A. Dear client,
Once an insolvency petition is filed, the Court can appoint an interim receiver after the presentation of the insolvency petition or before an order is made.
In case insolvency proceedings go wrong, it may lead to bankruptcy proceedings as well. Financial affairs of the debtor are under control of another.
Amex Credit Card Overdue of 21 Lakh
I have a overdue charges on my Amex Corp Credit Card for Rs 21 Lakh, and I am not denying to pay the amount but bank and recovery agents forcing me to pay 1 lakh monthly, where I can only pay up to Rs
7 months ago
A. Dear client,
You can make a formal complaint at the local police station. You can also file a complaint to the Reserve Bank of India with your concerns.
You can also file a lawsuit against them for threatening and mentally harassing you.
I have debts of 50 Lakhs
Hi, I have debts of 50 Lakhs which I invested in day trading and lost them completely. I would like to now file an Insolvency Petition in order to gain some additional time in repaying the debts. When
7 months ago
A. Dear Client,
I would like to inform you that for filing an insolvency petition (IP) in India, it is generally required to provide the name and address of the creditors to whom you owe the debts. This information is crucial for the proceedings as it allows for proper notification to the creditors and enables the insolvency resolution process to take place.
While physical addresses are preferred, it is possible to provide alternative contact details such as email addresses and phone numbers if y ...ReadMore
is it good to hire a third-party debt settlement agency
I have a debt of 24 lakhs, which includes 6 credit cards and 4 personal loans. The monthly EMI is approximately 1.5 lakhs, and my salary is 48k. Should I hire a third-party debt settlement agency with
7 months ago
A. Dear Client,
Lenders are not legally obliged to settle a debt lowering your outstanding debt, but because they want to protect their bottom line, they may agree to a debt settlement to avoid further financial loss. You can try to negotiate a debt settlement on your own, but sometimes it's typically done through third parties like debt relief companies, which you may hire to negotiate the settlement matter with the lender on your behalf. With this method, you will make payments to the debt settle ...ReadMore
