Private money lender harassment
1 month ago
My friend took an amount of 30k on my bike and he attempted suicide after one week and I was unable to withdraw my bike from them..it’s 3 months now and I called him to pay the amount and take my bike but he is saying that my friend took 30k at 19%interest per month I.e 5,500 per month and asking me to pay this amount or else he will sell the bike he is messaging and calling me several times in a day and forcing me to sign on NOC there is no paper written for the amount taken what can I do
A.Dear Client,
In the absence of any written documents supporting your claim of money from your friend, and moreover, you issued an NOCi. So, in such a situation it is almost impossible to get back the money from your friend even through litigation. However, you can serve a legal notice to your friend which may work or may not work.
In the absence of any written documents supporting your claim of money from your friend, and moreover, you issued an NOCi. So, in such a situation it is almost impossible to get back the money from your friend even through litigation. However, you can serve a legal notice to your friend which may work or may not work.
Helpful
Helpful
Share
Read Related Answers
Credit card
Dear Client,
You can try to negotiate a settlement of your credit card dues with the Banks on your own if your pocket permits and the bank agrees, but sometimes it's typically done through third parti...
Harrassment and verbal attack on personal misfortune by Bajaj Finserve TVM
Dear Client,
As per the contractual obligation you are bound to repay the loan but the creditors have no right to harass you to recall the amount, there are rules set as per RBI guidelines as to how...
Complaint regarding not refunding fees.
Dear Client,
It's essential to communicate clearly with the center about your request for a refund and to provide any necessary documentation, such as receipts or enrollment agreements, to support y...
Insolvency
Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whethe...
How to get stay order of property possession taken by NBFC
Dear Client,
Sub-section (3A) of Section 13 of the SARFAESI Act was introduced by way of an amendment in the year 2004 whereby (3A) the borrower is allowed to make representation or raise an objectio...
Read Blogs on Debt Collection
Debt Collection Lawyers
Find Lawyers by Location
