icon Outstanding on closed credit card

I had settled a HSBC credit card sometime in 2004/5. They issued a letter also to that effect. But it is still showing as outstanding. A few years later someone from the bank contacted me and said the


A. Dear Client,

Foreclosing credit card dues or loans typically does not alter the defaulter status in the borrower's credit records, which can have long-term effects on creditworthiness. Despite this, given the apparent arbitrariness and unfair nature of the Bank's claim after a lengthy 20-year period, you can file a complaint against the Bank. Lodge your complaint through the Reserve Bank of India's grievance redressal portal under the integrated Banking Ombudsman Scheme at https://cms.rbi.org. ...ReadMore

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icon Re- settlement of loan

I had opted for settlement in Sep 2023 with option of 03 EMIs but due to bad financial condition was unable to pay 02 EMIs. Now the loan is re-activated. Can I ask again for settlement? I have arrange


A. Dear Sir,
Yes, you can ask for settlement again as loan was reactivated and get revised settlement plan in coordination with the Bankers.

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icon Money lenders pressuring my family

Dear Sir/Madam, I took a handloan from someone at my office and due to pressure situation, i committed to pay 30% interest per month to him. I missed the repayment deadline by one month. And that per


A. Dear Client,
If any person is involved in trading of money lending or any other financial transaction without any license or permission of the concerned regulatory authority like RBI, SEBI, then he may be booked under the Prevention of Money Laundering Act, 2002 (PMLA) which was enacted to fight against the criminal offense of legalizing the income/profits from an illegal source, once reported to the vigilance cell. The Prevention of Money Laundering Act, 2002 enables the Government or the publ ...ReadMore

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icon Personal loans

Hello sir I took different personal loans and credit cards and invested in crypto market and lost all money and crypto futures ,this is 1st month iam not able to repay all due to tight ,what should I


A. Dear Client,
Banks 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 if your pocket permits to repay the entire outstanding at a time for a one-time settlement(OTS) of dues, but sometimes it's typically done through third parties like debt relief companies, which you may hire to negotiate the settle ...ReadMore

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icon Cash given to dealer

I gave 100,000 RS to a dealer for deal of a residential plot. Even after 45. Days no aggreement is done and I am doing follow up with dealer again again again. They are just saying tomorrow it will be


A. send a legal notice to dealer and his partner and file a case against them if they doesn't return your money after 15 days from notice
You can get lil bit of legal expenses back from the dealer in case if you win the case, for that you are required to appoint a strong lawyer.

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icon Cheating money return

Hi sir, Through online banking loan application my ex boyfriend took 5lakhs of loan in my account.. he said he gonna marry me also to my family..after many days i found he is cheating on me without te


A. Dear client,

You may file a complaint against cheating under Section 420 IPC. Section 420 of the Indian penal code states that anyone who deceives someone by cheating and then dishonestly persuades them to give up property to someone else, create, alter, or destroy a valuable security in whole or in part, or destroy anything that is sealed or signed and has the potential to be turned into a valuable security, faces up to seven years in prison of any kind in addition to a fine.

You can also f ...ReadMore

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icon My friend used my credit card and not giving money back

How to recover my money from my friend legally? Can go legally?


A. Dear client,
Collect whatever document you have like whatsapp chats,mails etc if any.
If you don’t have much witnesses and evidences, it will be difficult for you to prove anything.
You can even lodge an FIR and send a legal notice to him.
Also verify and check where has he spent such amount, use them as an evidence.

Thanks

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icon Regarding Money borroe

My mom have borrowed money from some different person not an organisation.for few they were charging 30 % interest now my mom was not able to pay but she said she will pay back orginal amount little l


A. Dear sir
Your mother may lodge a police complaint since they are doing illegal business and also lodge complaint with the government authority which issues license for running money lending business.

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icon Lazypay app loan

Dear sir I take lazypay app loan 60000 and I already repay 20938 but in middle due to some medical problems I can't pay rest other payment one time they send sms today if I can't pay so they file case


A. Dear Client,
Lok Adalat is one of the alternative dispute redressal mechanisms, it is a forum where disputes/cases pending in the court of law or at the pre-litigation stage are settled/ compromised amicably. Lok Adalats have been given statutory status under the Legal Services Authorities Act, 1987. Lok Adalat basically deals with civil matters and has the power to issue summons for appearance for early settlement of the pending case in regular civil court and not for litigation purposes which ...ReadMore

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icon Education loan

Does the legal action by the SBI bank due to education loan default lead to complications in visa approval/process of countries like USA and Singapore? also, does DRT in India Issue salary garnishmen


A. Dear Client,
Defaulting on an education loan from SBI and facing legal action may impact various aspects, including your credit history and financial standing. While it may not directly result in complications during the visa approval process for countries like the USA and Singapore, financial aspects, including outstanding loans and legal issues, can be considered during the application. Visa processes usually focus on factors like intent, ties to the home country, and financial stability.

Reg ...ReadMore

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