Incorrect charges affecting my CIBIL
Incorrect charges affecting my CIBIL
Hello, I had taken a loan of 50,000 from Dhani loans. And the EMI was automatically being deducted from my account. Once due to technical glitch on bank side, they did not deduct the amount on the du... (Bangalore, Karnataka)
1 week ago
A. Dear Client,
A technical glitch in the virtual mode of transaction is considered a force majeure, i.e, an event for which no party can be held accountable and a service provider cannot be held responsible for the default in deduction of installment under the ECS mandate. Since you spent the money from your account, the attempt to deduct the EMI failed and accordingly, the defaulter has to pay late fees for delayed payment of the due installment. A loan settlement refers to the act of closing a l ...ReadMore
Money lending
Hello , I am a money lender I lend money to peoples n interest.. one of my customer is not paying back my money.. what are the legal actions can i take on this?... (Karbi Anglong, Assam)
2 weeks ago
A. Dear Sir,
Just take cheque for the amount and file a cheque bounce case. If you have not having cheque then approach Police and try to get post dated cheque from the customer.
Harassed by mobiwik
Iam being harrased by mobiwik collection agencies from 45 days for loan repayment they are sharing my pictures to contact lists I need some time to repay... (Nalgonda, Telangana)
3 weeks ago
A. 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 or 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 servi ...ReadMore
Arbitration
How do we reply to the arbitration notice for credit card outstanding... (Mumbai suburban, Maharashtra)
3 weeks ago
A. Dear Client,
In case, a provision for resolving the dispute through arbitration under the Arbitration and Conciliation Act, 1996 exists in the credit card transactions/personal loan agreement, before marking dues or loan as bad loan/NPA, the lender exhausts its course of action as stipulated in the loan agreement and send a Notice under Section 21 of the Arbitration and Conciliation Act, 1996 to the borrower who failed to repay his/her debt/dues against credit card or loan to resolve the matter ...ReadMore
Mental harrasing
I have taken money from friend for urgent financial need . I have failed to repay the amount on time I requested to wait for some Time but he is calling me daily more then 50 times and 50 sms and 50 w... (Ahmedabad, Gujarat)
4 weeks ago
A. Dear Client,
In the absence of any documentary evidence behind the transaction of money between you and your friend, no legal remedy is accessible to your friend as of now even through litigation. However, you can serve a legal notice to your friend asking him to refrain from such kind of threat, otherwise, a complaint for criminal intimidation under Section 351 of BNS shall be lodged in the police station and the matter may be informed to the concerned regulatory authorities including State Re ...ReadMore
Harassment
Where we can complient against money lender he and his wife coming my home every week and harassing against interest of the fund he send to me in 2020.allready i repay the full fund and 3 lk extra mon... (Thrissur, Kerala)
1 month ago
A. Dear Client,
In India, money lenders are governed by the Money Lenders Act, 1957 in different states. Any individual/organization engaged in a money lending business must hold a license from the appropriate authority such as the RBI or the State Legislature. A money lending license is usually granted by the Revenue Department of the respective state government in compliance with the provision of the Money Lenders Act and the state-specific rules. If any person or a group of persons is involved ...ReadMore
Money has been given to friend not returning
I have given a friend upto 2 lakhs when he is in need and then without returning that money he has asked for more money stating that he will return then I have taken 4 lakhs in loan apps and have gi... (Nalgonda, Telangana)
1 month ago
A. Dear Client,
In the absence of any documentary and cogent evidence behind the transaction of money between you and your friend, no legal remedy to recover the money is feasible even through litigation. However, you may serve a legal notice to your friend demanding back the money lent to him which may work or may not work.
Investment
My friend invested money in our company and we have given 20% stake in 2022 now he is asking to return the money immediately. even After covid company growth is not good. So what should we do.... (Bangalore, Karnataka)
1 month ago
A. Dear Client,
A dispute between traders or businessmen is considered a commercial dispute and the remedy lies with the Commercial Court constituted under the Commercial Court Act, 2015. A commercial dispute is a disagreement relating to trade or commerce between two or more stakeholders. These disputes generally arise in relation to contract terms and conditions, fiduciary duties, or intellectual property rights, and may be settled through court proceedings or alternative dispute resolution(ADR) ...ReadMore
Harassment from Money Lender
I was staying abroad for 15 years and during that time I borrowed some money from an private money lender on interest basis. I was paying him the interest when I was there. Due to some situation I cam... (Ernakulam, Kerala)
1 month ago
A. Dear Sir,
He has to go legally by filing money recovery suit or cheque bounce case and cannot take the law into his hands and threaten you. You may lodge police complaint if not accepted then file private complaint and also suit for permanent injunction.
CREDITT LOAN APP HARRASSMENT
Sir, I have taken loan amount of 10,500 but due to family and financial issues I was unable to repay the loan amount now the loan amount is showing 24769 they added interest charges and late payment c... (Hyderabad, Telangana)
1 month ago
A. Dear Client,
A borrower of a loan or debt is held personally liable for his or her debt for non-payment of the outstanding amount of the loan and it is his or her paramount obligation to write off the debt/loan. There is no escape route to get rid of your liability. Once the repayment of the loan stops or bounces for consecutive 3 occasions the Bank initiates a routine course of legal action for recovery of the loan from the borrower marking the loan as a bad loan/NPA and offering the borrower ...ReadMore
