Debt recovery - My uncle had to give 50000 by Court decree
Debt recovery - My uncle had to give 50000 by Court decree
My uncle had to give 50,000 by Court decree to his 1st wife. That time he was helpless and about to go to jail. By his humble request, my mother helped him to get debt by standing as a surity. He writ
1 year ago
A. In my opinion ma'am, you can file for a case, but there is no sureity how long the case can go on, and you might be able to get back all the expenses, but there is not sureity again.
LOAN APP HARASSMENT
I took a small loan of 10 k and it was due on the 20th of September 2022 ... however the agents started calling me today from Morning.. they were harassing me to pay thr loan I told them the Due date
1 year ago
A. There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. After that, she moved to the police, and a case was filed against these agents. Another incident quoted as per media reports stated that a ...ReadMore
Bank business loan settlement
I had taken a business loan with no collateral. Due to covid the whole business got crushed. All the business assets and a personal land asset were lost due to non payment of other loans. So no way to
1 year ago
A. Sir in my opinion, since you're being harassed by the recovery agents, an injunction suit against the bank and recovery agents can be filed. 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 possible to guarantee that bank authorities and recovery agents so that stop harassing you, and look into your situation to settle the problem
Harassment - my father had taken a loan of 50k
Hello my father had taken a loan of 50k from one of the employees of a showroom working opposite to his shop...due to COVID his business was low and was not able to pay the rent hence he took the loan
1 year ago
A. In my humble suggestion, you should lodge an FIR against the person for threatening and harassing your father before the local police station.
Subhashis Paul
Harassment, credentials theft,money extortion,illegal debt collection procedure
I have taken loan from online lending platforms like yes cash, cadh mart, rupee tiger, golden rupee, cash samosa etc. for the purpose of improving my CIBIL score as well as usage against miscellaneous
1 year ago
A. Dear Client, there are several such cases where recovery agents call and harass people like you, and in such cases you can take legal action. However, talk to the company's representatives/manager or authorities, and try for some sort of settlement. Hope this helps!
Friend refusing to payback loan
I gave a loan of 7 lakhs to my friend by online transaction but didn't sign any agreement. Now he's refusing to payback and saying he'll say he paid 20000 cash every month. What options do I have now?
1 year ago
A. Dear client, do you have anything recorded or captured, like transaction through upi apps, etc? or did you give in cash? Also, do you have statements from their sides chatting with you on call or talking on phone that they havent but will give payments? Let me know in detail, so can help you accordingly. Thanks
Complaint Against NBFC
I have availed of an OD facility from an NBFC from which I did not even utilise a single penny. In fact, six months after sanction, they disbursed the whole amount without any intimation and I returne
1 year ago
A. Dear Sir,
You may go to Banking Ombudsman or directly go to High Court and get appropriate directions to the concerned financial institution to close your loan account with retrospective effect.
Debt clearance-My father given debt
My father given debt to one if our village person of 20k rs and he dint pay its from 4 years. Recently my father expired but we have debit paper on my father name. How can we go legally to collect mon
1 year ago
A. Dear Client,
the legal heirs of your father can take suitable legal action against the borrower for recovery of the loan amount evidencing the promissory note executed by the borrower in favor of your father.
Money given to friend by me taking loan
Hi sir I have taken loan from bank and given to my friend (transferred to his bank a/c).I have took wrong decision by making his words listened.now he is absconding I don't have any promisery notes
1 year ago
A. Dear Sir,
You have a weak case anyhow you may first try to get post dated cheque at least otherwise it is very difficult for you to file a civil suit and recover such amount.
Default in paying loan EMIs and credit card bills
I have a very good credit rating and CIBIL score, and have a repayment track record of over 25 years. Due to financial duress and business problems since past few years I have been running my home wit
1 year ago
A. Dear Client
Any loan/credit taken from a bank has to be returned as that is not your money but the public money. If the money is not returned then the bank will initiate its legal action which includes arbitration, recovery suit, cheque bounce case, complaint case against you.
