Ecs Nach bounce
Ecs Nach bounce
Sir I have multiple unsecure loan . Now I have no money due to my wife admit in hospital and after 22 days she died. I lost my all savings and job. Now I have no job and not any income. What can nbfc
8 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 Bank as NPA. Accordingly, Bank sends notice to Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response from the Borrower, Bank 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
Not able to pay Loan
I have taken loan for my business (share market), But unfortunately, I have lost all my money and now not in a condition to repay any loan. I am currently working as salaried person getting Rs 65800 a
8 months ago
A. Dear client,
You may write an application to the concerned bank asking dues settlement, explaining why you are unable to repay your outstanding dues owed on the loans. Also, mention that you'd like to look into different repayment options. Specify the amount you are willing to pay as well as what you want in return from the creditor Bank. A solid beginning point for negotiating is to offer roughly 30% of what you owe. Furthermore, a brief counselling session with a professional credit counsellor ...ReadMore
Fathers debt
My father accumulated a debt of over 1 crore from people. Multiple people have my father black money and tried to use him to convert it. This happened 6 years ago. Now I am worried if this will come
8 months ago
A. Dear Client,
Generally, the deceased person's estate is responsible for paying any unpaid debts. When a person dies, their assets pass to their estate. If there is no money or property left, then the debt generally will not be paid. Usually, no one else is required to pay the debts of someone who died. A Hindu son is not personally liable to pay the debt of his father even if the debt was not incurred for an immoral purpose: the obligation of the son is limited to the assets received by him in h ...ReadMore
My Friend Cheated, I am Unable to Pay Loan
My Friend used my Paytm Postpaid, Usually he pays me back but 4 months back he Ran Cheating everyone and from past 3-4 Months I am Paying but Now I Am Unable to as Amount is 45000 and I don't have any
8 months ago
A. Dear client,
If you have lent money to a friend and they have not repaid the amount as agreed, you may be able to recover the money through legal means in India. Here are the general steps you can follow:
Send a demand letter: You can start by sending a demand letter to your friend asking them to repay the money they owe you. The letter should clearly state the amount owed, the terms of repayment, and a deadline for repayment.
File a civil suit: If your friend does not respond to the demand lett ...ReadMore
Cheating - gave money to mechanic
I gave money to mechanic to provide me a car but he didn’t provide any. Then I asked him to return my money and now he is just saying that he will give from past 2 months. I gave him 50k he returned
8 months ago
A. Dear client,
Please file a complaint against him under section 420 of the IPC(Cheating).
Cheating has been made a punishable offence under section 420 of the Indian Penal Code. It states that whoever cheats another person and thereby dishonesty induces any person so deceived to deliver any property commits an offence under this section. The section punishes such a person with an imprisonment of a term which may extend to seven years and shall also be liable to fine.
cgtmse - loan from obc merged now with pnb
i had taken a cgtmse loan from obc merged now with pnb and my loan has become npa and they have claimed 75% of my cgtmse claim and what is the procedure and what cgtmse will do legally with me
8 months ago
A. Dear Client,
Once an entrepreneur becomes a defaulter of repayment of a loan under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme, Member Lending Institutions (MLIs), i.e, Banks are required to mark a particular case as NPA which is classified as NPA as per RBI guidelines in CGTMSE online portal. The NPA marking needs to be done by the MLIs within the next quarter from the NPA date, in the online portal. For lodging a claim by MLI/Bank against the Borrowr, the ...ReadMore
Loan Settlement - loan taken from different banks
Good Morning Sir, I want to know how to get settled from personal loan taken from different banks / financial institution but due to some reason I am now unable to pay the huge emi every month. Is the
8 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 Bank as NPA. Accordingly, Bank sends notice to Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response from the Borrower, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. You ...ReadMore
non paying emi
i have no money to pay personal loan emi because i m now jobless and in bed from backache but i will pay after 6/8 month what should i do now?
8 months ago
A. Dear client,
You can ask the bank in prayer for extra time to pay the debts, but you cannot, under any circumstances, avoid your obligation to repay the loan. If the Bank files a lawsuit in civil court to recover an unpaid loan from the borrower, the court may order the attachment of collateral security for both the borrower and the guarantor in order to recover the debt.
Threatening and visiting parents house
My hdfc credit card has a minimum due of 9k and i paid 6k due to financial issues, i have been paying my dues on time all this time, yet the recovery agents started calling me and harassing me, for th
8 months ago
A. Dear client,
The Supreme Court and the RBI both issued directives and advice prohibiting NBFC, FI from using force or coercion when sending out recovery agents to collect debts from defaulting borrowers. As a loan defaulter, if you receive these types of threatening calls or messages from collection agencies or other unidentified parties, you should report it to the local police department, submit an online grievance to the RBI, with a copy to the relevant bank or financial institution,
10+ year old credit card was settled
I had paid and settled the credit card with Deutsce bank more than 10 years ago. Now, I am getting the below sms from reliance amrc and indusind bank. I do not have any document related to this now. P
8 months ago
A. Dear Client,
In the prevailing situation, you need to bring the arbitrary action taken at the belated stage,i.e, after a lapse of more than 10 years, by the concerned Bank to the notice of the Regulatory Authority, RBI by making a complaint online on its grievance redressal portal and the Banking Ombudsman concerned either online or offline. A complaint can be made at https://cms. rbi.org.in or by calling the helpline number 14440. The complaint may be lodged online or by filing a physical compl ...ReadMore
