Unpaid Loan Ami
10 months ago
I have 2 unpaid EMIs with a loan app. Now they are calling me regularly and even their recovery agents are calling on a regular basis. Although my previous record is very clear and my Credit score is also good. How should I response to them?
And legal rights do I have?
A.Dear Client,
Whenever any loan is approved by NBFC or FI either offline or online, a loan application bearing all the terms and conditions applicable on the applicant is being accepted by the applicant and pursuant to said acceptance and accessing your loan repayment capacity, CIBIL Record etc. your loan is approved. In case of default in repayment of said load as per the condition of repayment, FI takes the routine course of action permitted under relevant laws for recovery of debt lying outstanding against you. Both Supreme Court and Regulatory Authority, RBI issued orders/advisories refraining NBFC, FI strictly from taking any coercive or forceful action deploying the recovery agents to recover the dues from the defaulter loanee. Being a defaulter of a loan, in case you are getting such kind of threat calls or messages from recovery agents or any unknown entity, you need to report the matter in writing to the local PS and the concerned Bank and get in touch with an Advocate with all your papers/document for guidance and for taking necessary steps to resolve the issue in accordance with the provision of relevant laws
Whenever any loan is approved by NBFC or FI either offline or online, a loan application bearing all the terms and conditions applicable on the applicant is being accepted by the applicant and pursuant to said acceptance and accessing your loan repayment capacity, CIBIL Record etc. your loan is approved. In case of default in repayment of said load as per the condition of repayment, FI takes the routine course of action permitted under relevant laws for recovery of debt lying outstanding against you. Both Supreme Court and Regulatory Authority, RBI issued orders/advisories refraining NBFC, FI strictly from taking any coercive or forceful action deploying the recovery agents to recover the dues from the defaulter loanee. Being a defaulter of a loan, in case you are getting such kind of threat calls or messages from recovery agents or any unknown entity, you need to report the matter in writing to the local PS and the concerned Bank and get in touch with an Advocate with all your papers/document for guidance and for taking necessary steps to resolve the issue in accordance with the provision of relevant laws
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A.Hello,
As per the information you have given it is very obvious you need to pay your unpaid loan amount . if any of the agent misbehave or harass you you can take help of the police by filing a FIR.
As per the information you have given it is very obvious you need to pay your unpaid loan amount . if any of the agent misbehave or harass you you can take help of the police by filing a FIR.
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