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Hi Team, I do have a SBI Credit card where I was not able to pay the credit card amount due to my wife health issues and unexpected death of elder sister from last year August 2023. Last week on Frida


A. Dear Client,

Your description provides an accurate overview of the legal consequences a credit card defaulter may face and the subsequent recovery actions taken by the bank. The process typically involves marking the debt as Non-Performing Asset (NPA), initiating legal proceedings, and, in some cases, seeking attachment of the defaulter's salary.

Negotiating with the bank outside of court and expressing your financial constraints could be a viable option to explore. However, it's important to ...ReadMore

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icon Personal Loan issue

I took a personal loan from HDFC Bank and paid regularly for 3 years. Now I lost my Job and am unable to pay I explained this to my bank but they are sending collection executives daily and harassing


A. Dear Client,

To address concerns regarding recovery agents employed by a bank, there are several avenues for filing complaints:

1. Local Police Station:You can file a complaint against the recovery agents at your local police station. Ensure to endorse a copy of the complaint to the concerned bank.

2. **Online Complaint:** Lodge a complaint against the loan recovery agents appointed by the bank online at [https://cms.rbi.org.in](https://cms.rbi.org.in) or by calling the helpline number 14440 ...ReadMore

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icon Personal loan unpaid

There is a ongoing case on my personal loan unpaid with kotak bank, current status of the case says "issue awm, if steps taken" And the next hearing is in August.. Kindly suggest what will happen and


A. Dear Client,

Order 38 Rule 5 of the Civil Procedure Code (CPC) provides the court with discretionary power to issue an attachment warrant of movable property before judgment. This extraordinary power is invoked when the plaintiff can establish prima facie that their claim is genuine, and there's a risk of the defendant disposing of property to hinder judgment execution. The purpose is to ensure that, if a decree is granted, it can be satisfied. This order aims to protect the plaintiff from pot ...ReadMore

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icon Personal Loans and Credit Card dues

I have many personal loans or credit card payments, I am not able to repay them all at once, please tell me what to do.


A. Dear Client,

Negotiating a debt settlement can be attempted independently if you can afford to pay the entire outstanding amount for a one-time settlement. Alternatively, third-party entities like debt relief companies can be hired to negotiate on your behalf, with payments made to them instead of creditors, along with applicable fees.

Debt settlement involves the borrower repaying a portion of the loan balance, and the lender forgiving the rest. Initiating negotiations by proposing to pay 25 ...ReadMore

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icon Credit card and loans

Sir I have different types of credit cards and now am unable to pay the bill they all issued a lok Adalat notice what I do I really want to pay them but I don't have any money what I do am really anxi


A. Dear Client,

When a dispute or case is scheduled for hearing before a Lok Adalat, parties can settle through mutual understanding, either by using a deed of settlement if financially feasible or by engaging third parties like debt relief companies. These companies negotiate settlements with lenders on behalf of the borrower, who then makes payments to the debt settlement company, including service charges/fees.

Debt settlement involves the borrower repaying a portion of the loan balance, and ...ReadMore

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icon money recovery suit

My father had borrowed rupees 50,000 for person A before 6 years. in 2021 Mr A threatened my parents and received a cheque of rupees 3 lakhs and bounced it and sent us notice for rupees 5 lakhs in 202


A. Dear Client,

If a person issues a cheque against a promise or any refundable money, and the cheque is dishonored for any reason upon presentation, the holder of the cheque can file a criminal suit against the drawer under Section 138 of the Negotiable Instruments Act, 1938. This must be done within three months from the date of presenting the cheque to the bank. A cheque signed and handed over by the drawer for a specific payment is presumed under Section 139 of the N.I. Act. The Supreme Court ...ReadMore

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icon Personal Loan and Credit card Load

I have recently lost my job. I had taken a personal loan two years ago. I still pay my EMI on time but after two months, If I do not find a job, I will not be able to pay my EMI. I need your help rega


A. Dear Client,

Given the current circumstances, you have the option to file for bankruptcy. Under the Provincial Insolvency Act, 1920 (now replaced by the IBC Code 2016), bankruptcy can be filed if you are unable to repay a debt exceeding ₹500. The court will review the application, and its acceptance or rejection depends on meeting the specified conditions. Alternatively, you can consider negotiating a debt settlement independently, paying the entire outstanding amount in a lump sum, or engag ...ReadMore

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icon Settlement of financial disputes

I have got credit card from RBL Bank with a limit of Rs. 35000. And petty loans of Rs. 75000, Rs. 45000 and Rs. 90000. I have also taken a home loan of Rs. 1600000 from HDFC. All the EMI's in a cumula


A. kindly let us know what is your monthly income and your other obligations also your current asset should be taken into consideration, otherwise your property will become a NPA and a bank will take a possession of your flat. you are require to reanalyze all your financial capabilities by which we can find the legal solution for it.

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icon navi loans harrasment

How can i stop nbfc harrasment calling my contacts and not doing settlement


A. Dear Client,

When a borrower fails to repay a loan for three consecutive instalments, the bank declares it a bad loan/NPA, making the borrower personally liable. Negotiating with the bank for additional time is possible, but the obligation to repay remains. If a bank files a suit for recovery in a Civil Court, the court may order the attachment of collateral security for both the borrower and guarantor. Debt settlement, often handled by third parties, involves repaying a portion of the loan ba ...ReadMore

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icon Not able to pay EMI

I took 20 lac of loan from the NBFC and I have other debt as well,now the situation arrive that where my liabilities are more than my salary and due to which I couldn't repay the EMI. What could be t


A. the feasible solution on this is that we can help you out to restructure your financial liabilities once you share the details of the loan of 20 lac and accordingly a feasible solution can be given.

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