I have got settlement offer from an NBFC for unsecured personal loan.They are agreeing to settle at 60% discount.However in the settlement letter it is clearly mentioned that I will not be eligible fo ...
Dear Client,
A No Dues Certificate(NDC) post-settlement of the loan is proof of clearing all your outstanding payment dues with the lender. It ensures that the bank or the NBFC does not ask you to cover any outstanding dues later. This proof also helps you to procure loans and EMIs in the future. Borrowers must obtain a No Dues Certificate (NDC) after settling their debt/dues against a loan, which serves as proof of their cleared dues and can be beneficial for future loan applications and maint
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Dear Sirs I have taken Home Loan and Personal Loan from Bank. On the Due Date Every month my EMI is not being paid but am paying it within the month. Even then Collection Team is harassing knowing ...
Dear Client,
Once a borrower fails to repay his EMI against loans by the due date as per the ECS mandate, it adversely affects the credit score and the repayment capacity of the borrower, and the lender initiates the recovery process by appointing recovery agents. As per the RBI Guidelines, Banks/NBFC/FI are advised to ensure that the contracts with the recovery agents do not induce the adoption of uncivilized, unlawful, and questionable behavior or recovery process. In the context, reference is
i have taken personal loan from yes bank. paid regular emi 2 years. since 8 months i lost job n due to depression my treatment & session are going on. i couldn't pay emi from February. i wrote letter ...
Dear Client,
As per the RBI Guidelines, Banks/NBFC/FI are advised to ensure that the contracts with the recovery agents do not induce the adoption of uncivilized, unlawful, and questionable behavior in the recovery process. In the context, reference is invited to (a) Circular DBOD.Leg.No.BC.104/ 09.07.007 /2002-03 dated May 5, 2003, regarding Guidelines on Fair Practices Code for Lenders (b) Circular DBOD.No.BP. 40/ 21.04.158/ 2006-07 dated November 3, 2006, regarding outsourcing of financial s
I'd like to know if a NOC will be provided for a credit card which has been settled after discussing with the credit card collections with settlement letter being sent. Credit card company says noc wi ...
Dear Client,
An NOC post-settlement of credit card dues is proof of clearing all your outstanding payment dues. It ensures that the bank or the credit card issuer does not ask you to cover any outstanding dues later. This proof also helps you procure loans and EMIs in the future. You must obtain a No Objection Certificate (NOC) after settling your credit card debt, which serves as proof of your cleared dues and can be beneficial for future loan applications and maintaining a good credit score. T
I took loan from Mobikwik for 1.5 lakhs and I was able to make one EMI payment. It's been a year overdue now. Recently they called me and started abusing me . Started calling people in my contact lis ...
Dear Client,
In the given scenario, you may negotiate or settle your dues against your loan by following the steps like lowering interest rate, arranging for a reduced interest rate is one of the most common requests a defaulter credit card holder can make to the Bank, creating or restructuring a repayment plan or extending the tenure of repayment of a credit card dues, looking for debt forgiveness. offering a one-time settlement payment under the OTS Scheme. But all your attempts solely depend
Sir,I got Teskquity certificate 27/09/1997 by paying 20000/-maturity date 26/09/2017.I didn't get any response from them,how can I claim refund from them please help me sir
Dear Client,
The current status of Sterling Tree-magnum (India) Limited is - Under the Liquidation process. So a refund against your investment cannot be ensured so far as the current status of liquidation of the company is concerned. You may like to take up the matter of claim directly with the regulatory authority SEBI and/or, the Company or its subsidiaries.
My emi due date was on February 5th , I paid it Feburary 20th . i received post on March 20th (letter dated on 13th March) from lawyer to clear Feburary loan are else legal action will be taken...wh ...
Dear Client,
Since you have already paid the EMI for February 2025, but you got a letter from a Lawyer to clear the dues then you first visit your bank and verify Payment Details check your bank statement or payment receipt to confirm the date of payment. And also ensure the payment was credited to the loan account.
Secondly respond to the Legal Notice stating the facts about the payment. there is no need to file a case immediately. Instead, you should reply to the lawyer’s notice formall
I have bounced a emi and I don't have payed from 10days and that already blackmailing me that thay call reference number and send notice at present time I can't pay it for 15 more days I am broken so ...
Dear Sir,
Bouncing of single EMI is not a big crime. Let them issue notice and if possible let them file cheque bounce case etc. in future as per your comfort you may continue to pay EMI's and the matter may be closed thereafter.
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I had taken loan creditt+ app of 35k which I've cleared the principal amount completely Now they are sending legal notice every month with addition to interest charges. While I discussed to negotiate ...
Dear Client,
While you repay the principal amount of the loan to the lender, interest accrued thereon lies unpaid. As a result, you are getting the threat of legal action from the lender. However, despite your approach for settlement, when the lender disregards your approach, you may escalate your grievance for redressal to the regulatory authority RBI online under the integrated Banking Ombudsman Scheme at https://cms.rbi.org.in for a quick resolution to the matter. Further, a quick counselin
Sbi recavry agent call my freind and ristedhar also office and abuse all tham for loan
Dear Client,
As per the RBI Guidelines, Banks/NBFC/FI are advised to ensure that the contracts with the recovery agents do not induce the adoption of uncivilized, unlawful, and questionable behavior in the recovery process. In the context, reference is invited to (a) Circular DBOD.Leg.No.BC.104/ 09.07.007 /2002-03 dated May 5, 2003, regarding Guidelines on Fair Practices Code for Lenders (b) Circular DBOD.No.BP. 40/ 21.04.158/ 2006-07 dated November 3, 2006, regarding outsourcing of financial s
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