Money from friend
My friend took 960000 from me in 4-5 instalments. All transactions are done between my account and his online transfer and UPI. In 2.5 years he has managed to return only 420000. They are not returnin
10 months ago
A. Dear Client,
Online transaction of funds between the parties does not reveal the purpose of the transaction in the absence of any authentic documents like an agreement of loan, promissory note etc. behind such financial transaction. So, Any legal action bereft of any merit in your claim may not resolve the issue at all. However, you may consult with an Advocate for guidance and steps.
A. Dear Client,
Here are a few ways to settle credit card debts and loans-
Make a note of all the debts to be paid. ...
Prioritizing. ...
Paying the card bill with the least balance. ...
Getting a credit card with low APR. ...
Taking a loan to pay off credit card debts. ...
Converting outstanding bill to EMIs. ...
Paying off your bills on a regular basis.
Saving a percentage of your monthly income to pay off these loans
Not spending extravagantly on luxuries
Cutting down on unnecessary expenditur ...ReadMore
Harassment from recovery agents
I had taken a payday loan from an NBFC and was not able to pay in time. Now they are threatening me saying that they will be sending recovery agents to my residence and sit at my home till the amount
11 months ago
A. Hello,
Legal Remedies available to defaulter in the case of harassment by recovery agents:
--Filing a complaint at the police station:
A proper complaint should be filed against the Bank and the recovery office. However, if the police do not file a complaint, the magistrate can be approached.
--An injunction suit against the bank and recovery agents:
A civil injunction suit with an ad-interim relief can be filed in the civil court against the bank and recovery organization. It should be possi ...ReadMore
Harassment by threatening from recovery agent
Dear Sir, I took some amount from 2/3 lenders through online apps. Now from yesterday somebody is sending arrest warrant, court notice etc keeping the name of lending company suppressed through whatsa
11 months ago
A. Hi client,
Let an advocate check that whether the summons or arrest warrant you are receiving, are genuine or fake.If you have taken some loan from anywhere you have to pay it back and the lender has all their rights to ask it back , in the legal way.
Contact an advocate to check the documents and guide you further.
Thanks and Regards
Simi Paul
Lending Money to a Friend
I have lended money to a friend when he was in a bad financial situation for period of three months. It has been a year and he is not returning the money. What can be done
11 months ago
A. Dear Client
Such kind of lending of money to anybody is considered as a crime and punishable under the Prevention of Money Laundering Act, 2002, and if reported and proved in the course of trial by a Court.
So take the steps considering the consequences involved in the matter.
Collection team came to home and damaged my house. Need actiondoor
Nbfc collection team came to home and damaged my house door. All because I missed 1 bike due payment. They also spoke rudely with my neighborhoods. What action should o do because this caused me huge
1 year ago
A. Hello,
As per the information you have mentioned it is advisable to you file FIR against them for harassment.
Police haressment
I had taken paper from a trader 5 years ago and there is no transaction since then .and due to loss in business i have failed to return his money .now he is charging interest on that money and using h
1 year ago
A. Hello,
As per the information you have given it is advisable to you to file a FIR against them for mental harassment.
money recovery
The merchant is not giving my money back. How do I cancel the ECS payment? I informed the merchant to cancel the services but they did not cancel and now giving it back.
1 year ago
A. Hello,
In case of any need to withdraw or stop a mandate the customer can do so by approaching the user institution to withdraw the mandate. The account holder / customer can also withdraw the mandate / debit instruction directly from his / her banker without involvement of the User institution.
Bank Possession Notice 13 (2)
I have received a letter from bank to vacate the property as I was not able to clear overdue within the time frame given by bank as I was not having a job so I missed 3 EMI.. how can I stop bank from
1 year ago
A. Hello,
This is a serious situation. The bank will mark you as a defaulter and the bank will send you a notice about it.
At this point make sure you do not ignore the bank notice and reply to them asap explaining to them about your situation and the reason why you missed paying the EMI’s. If your credit history is good and your reasons are very genuine, there is a possibility that the lender may give you some grace period for repayment.
If the bank is sure that they want to move ahead after you ...ReadMore
Mpokket overdue settlement
I have 2 loans with mpokket 540 days overdue, totalling ₹9500. I reached out to the grievance department via email and mentioned my condition and asked for a discount/concession from remaining total
1 year ago
A. Hello,
As per the information you have mentioned it is suggested to you to kindly repay the amount of loan .