Education loan
Education loan
Does the legal action by the SBI bank due to education loan default lead to complications in visa approval/process of countries like USA and Singapore? also, does DRT in India Issue salary garnishmen
2 months ago
A. Dear Client,
Defaulting on an education loan from SBI and facing legal action may impact various aspects, including your credit history and financial standing. While it may not directly result in complications during the visa approval process for countries like the USA and Singapore, financial aspects, including outstanding loans and legal issues, can be considered during the application. Visa processes usually focus on factors like intent, ties to the home country, and financial stability.
Reg ...ReadMore
Credit Card Defaulter
Jailsslp send me msg that salary attachment can be done for non payment.
3 months ago
A. Dear Client,
If you have received a message indicating the possibility of salary attachment due to non-payment, it suggests that there may be pending financial obligations or debts that could lead to legal actions. It's important to take this communication seriously and promptly address the underlying issue. Begin by reviewing the details of the message to understand the nature of the claim and the specific steps that may be taken. Consider reaching out to the sender or the relevant authority me ...ReadMore
Friend is not returning the money
My frnd is not returning the money rather that he is saying today tommorow and it’s been around 8 months
3 months ago
A. Dear Client,
If someone doesn’t return your money as per the agreed terms, you can take legal action. Here are some steps you can take:
1)Send a written demand for payment.
2)File a case in the small claims court.
3)Hire a lawyer to file a case in the appropriate court.
4)File a police complaint if you think you have been cheated.
5)Get an order from the court to attach the person’s property.
6)Enforce the order by hiring a recovery agent to seize the person’s property.
In most cases, the ...ReadMore
Credit card limitation
Can a bank claim as credit card due amount after a lapse of 20 years
3 months ago
A. Dear Sir,
Any claim must be within a limitation period of three years from the date of last transaction. But in India the Bankers especially the Recovery Agents on behalf of Banks recovering outdated loans. You may resist the same.
Misbehaved by recovery agent
what to do, if recovery agent come to home and started misbehaving, when credit card delay is not more than 30 days? How can I file a complaint?
3 months ago
A. Dear Client,
In the given scenario, one can file a complaint against loan recovery agents by visiting the local Police Station and sending a copy of the complaint to the concerned Bank. Complaints against these recovery agents appointed by the Bank can also be lodged at https://cms.rbi.org.in or by calling the helpline number 14440. The complaint can be submitted online or through an offline complaint filed at the Centralised Receipt and Processing Centre (CRPC) at RBI, 4th Floor, Sector 17, Cha ...ReadMore
Paytm postpaid
Does paytm postpaid send police Or file a case in court for not paying 22k bill
3 months ago
A. Dear Client,
Paytm Postpaid typically follows standard debt recovery procedures in case of non-payment. This may involve sending reminders, contacting the user through different channels, and utilizing collection agencies. However, it's important to note that the involvement of law enforcement or filing a legal case usually occurs in more severe cases of fraud or intentional evasion of payment.
If you're facing difficulties in paying the bill, it's recommended to communicate with Paytm Postpaid ...ReadMore
Regarding loan Recovery
I got to know that as per RBI rule interest amount can not be more than Principle amount. How true it is. And if so, can I take legal action against a loan provider if disobey this rule.
3 months ago
A. Dear Client,
The information you've heard is not accurate. There is no specific RBI rule stating that interest cannot be more than the principal amount. However, the RBI regulates interest rates to ensure fairness and prevent usurious practices by financial institutions. Lenders are required to follow the guidelines set by the RBI regarding interest rates and other terms. If you believe that a lender is violating RBI regulations or engaging in unfair practices, you may consider filing a complain ...ReadMore
Repayment
Actually I'll took a loan of 4000 through pocketly app but not ready to pay because of some financial issue it only took 8 days due so is there any kind of legal. Action against me
3 months ago
A. Dear Client,
Once a loan is not repaid by the borrower for any reason whatsoever, Lender sends notice to the Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response from the Borrower, the Lender starts the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and, Guarantor who is equally liable for repayment of debt of principal Borrower and if after ...ReadMore
Lent money to friend but He denoed to give back
Lent money to friend but He denoed to give back. I have his cancelled check , Can I go through legally against him.
4 months ago
A. Dear Client,
A standalone cancelled cheque cannot establish your claim against the person to whom you lend the money. You can serve a legal notice to your friend demanding refund of your loan and if the notice does not work, chance of getting back the money from your friend is almost remote even through litigation.
Harassment from Credit Card Recovery Agents
I want to bring to your notice how specific agents from the Standard Chartered credit card department have been harassing me and my friends for the past 10-14 days. My issues date back to the 2013-14
4 months ago
A. Dear Client,
The regulatory authority RBI has strictly prohibited the use of abusive language, intimidation, or any form of harassment in the loan recovery process. Borrowers have the right to be treated with dignity and respect. The Recovery Agents should carry proper identification, maintain decorum, and act within the legal framework. The RBI guidelines emphasize that the recovery process should be fair and not oppress borrowers. Recovery agents should not resort to coercion or use of force i ...ReadMore
