icon Harassment caused by Recovery Agents

The recovery agents are calling my colleagues and telling them that I have taken loans from various banks and not returning the same


A. Dear Client,
In the given situation, filing a complaint against the recovery agents in the local Police Station and endorsing a copy of said complaint to the concerned Bank, a complaint against the loan recovery agents appointed by the Bank can be made online to RBI at https://cms. rbi.org.in or by calling the helpline number 14440. The complaint may be lodged online or by filing an offline complaint and submitting the same at the Centralised Receipt and Processing Centre (CRPC) at RBI, 4th Floo ...ReadMore

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icon Recovery money

I have to give money to my relatives but he can't give back last one year ,I have only phone pay evidence only ,how can I proceed.please give ur valuable suggestion.


A. Dear Client,

Given the circumstances, pursuing a legal remedy may not be feasible without any documentary evidence supporting your claim to recover the money lent to your relative. However, one option is to issue a legal notice to your relative, formally demanding a refund of the loan amount. While the success of this approach is uncertain, it serves as a formal communication highlighting your claim and could potentially encourage resolution.

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icon Money

My father gave an amount to my uncle by selling more than 500gm gold to buy a property. In return my uncle promised that when the property will be sold I will give u 500 gm gold money. Now the propert


A. Dear Client,

Without a written Memorandum of Understanding (MOU) or agreement between the parties, obtaining a remedy or relief through litigation may not be feasible based on the current available information. However, one possible course of action is to serve a legal notice to your uncle. This formal communication can articulate your grievances, intentions, and any demands you may have, serving as a preliminary step before considering legal proceedings. It is advisable to consult with a lega ...ReadMore

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icon Harassment from money lenders

It about debt I have taken for business During covi Maximum amount of money I have given with profit but due to medical conditions currently I am not able to give but lenders are not giving time and h


A. Dear Client,

Your guidance on filing a complaint against recovery agents is comprehensive and aligns with the legal recourse available to individuals facing issues with recovery agents. It's crucial to ensure that debt recovery is conducted within the bounds of the law and with respect for the rights of the debtor.

The advice to file a complaint with the local police station and endorse a copy to the concerned bank is a standard practice to address any undue harassment or illegal actions by r ...ReadMore

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icon credit card payment notice

regularly dialling and telling they will sue me if I do noy pay immediately


A. Dear Client,

If you are facing issues with recovery agents appointed by a bank or NBFC, you can take the following steps to address the situation:

1. File a Complaint with Local Police:
- Visit your local police station and file a formal complaint against the recovery agents.
- Endorse a copy of the complaint to the concerned bank or NBFC to keep them informed about the situation.

2. Submit a Complaint to RBI:
- Lodge a complaint against the loan recovery agents through the Reserve ...ReadMore

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icon Fraud in Nidhi Ltd company

who are actually responsible in taking liability of providing depositor's money when nidhi ltd. company has given 80% gold loan against deposits to the chairman (main director) and later in pressure t


A. Dear Client,

Depositors in the gold loan scheme of the company should register a First Information Report (FIR) at the local police station against the Chairman of the Company, who absconded with the customers' deposited gold. Additionally, depositors should initiate a criminal suit against the company under relevant sections of the Indian Penal Code (IPC), including Section 420 for cheating, Section 467 for forgery of valuable security, Section 468 for forgery for cheating, and Section 120B f ...ReadMore

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icon Credit Card Harrassment

Can a recovery agent harrass for credit card payment after 20 years?


A. NO, Any bank cannot recover any bank loans after 20 years, as it is hit by law of limitation. In such case you can approach a good lawyer and you can also file a case on bank.

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icon MSME

Where to put msme work order affidavit, if order has been received orally


A. Dear Client,

A written work order copy is mandatory. If the purchase order is oral, an affidavit must be submitted online on the MSME Samadhaan Portal.

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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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