Harassment from money lenders
Harassment from money lenders
It about debt I have taken for business During covi Maximum amount of money I have given with profit but due to medical conditions currently I am not able to give but lenders are not giving time and h
1 month ago
A. Dear Client,
Your guidance on filing a complaint against recovery agents is comprehensive and aligns with the legal recourse available to individuals facing issues with recovery agents. It's crucial to ensure that debt recovery is conducted within the bounds of the law and with respect for the rights of the debtor.
The advice to file a complaint with the local police station and endorse a copy to the concerned bank is a standard practice to address any undue harassment or illegal actions by r ...ReadMore
credit card payment notice
regularly dialling and telling they will sue me if I do noy pay immediately
1 month ago
A. Dear Client,
If you are facing issues with recovery agents appointed by a bank or NBFC, you can take the following steps to address the situation:
1. File a Complaint with Local Police:
- Visit your local police station and file a formal complaint against the recovery agents.
- Endorse a copy of the complaint to the concerned bank or NBFC to keep them informed about the situation.
2. Submit a Complaint to RBI:
- Lodge a complaint against the loan recovery agents through the Reserve ...ReadMore
Fraud in Nidhi Ltd company
who are actually responsible in taking liability of providing depositor's money when nidhi ltd. company has given 80% gold loan against deposits to the chairman (main director) and later in pressure t
2 months ago
A. Dear Client,
Depositors in the gold loan scheme of the company should register a First Information Report (FIR) at the local police station against the Chairman of the Company, who absconded with the customers' deposited gold. Additionally, depositors should initiate a criminal suit against the company under relevant sections of the Indian Penal Code (IPC), including Section 420 for cheating, Section 467 for forgery of valuable security, Section 468 for forgery for cheating, and Section 120B f ...ReadMore
Credit Card Harrassment
Can a recovery agent harrass for credit card payment after 20 years?
2 months ago
A. NO, Any bank cannot recover any bank loans after 20 years, as it is hit by law of limitation. In such case you can approach a good lawyer and you can also file a case on bank.
MSME
Where to put msme work order affidavit, if order has been received orally
2 months ago
A. Dear Client,
A written work order copy is mandatory. If the purchase order is oral, an affidavit must be submitted online on the MSME Samadhaan Portal.
Outstanding on closed credit card
I had settled a HSBC credit card sometime in 2004/5. They issued a letter also to that effect. But it is still showing as outstanding. A few years later someone from the bank contacted me and said the
2 months ago
A. Dear Client,
Foreclosing credit card dues or loans typically does not alter the defaulter status in the borrower's credit records, which can have long-term effects on creditworthiness. Despite this, given the apparent arbitrariness and unfair nature of the Bank's claim after a lengthy 20-year period, you can file a complaint against the Bank. Lodge your complaint through the Reserve Bank of India's grievance redressal portal under the integrated Banking Ombudsman Scheme at https://cms.rbi.org. ...ReadMore
Re- settlement of loan
I had opted for settlement in Sep 2023 with option of 03 EMIs but due to bad financial condition was unable to pay 02 EMIs. Now the loan is re-activated. Can I ask again for settlement? I have arrange
2 months ago
A. Dear Sir,
Yes, you can ask for settlement again as loan was reactivated and get revised settlement plan in coordination with the Bankers.
Money lenders pressuring my family
Dear Sir/Madam, I took a handloan from someone at my office and due to pressure situation, i committed to pay 30% interest per month to him. I missed the repayment deadline by one month. And that per
2 months ago
A. Dear Client,
If any person is involved in trading of money lending or any other financial transaction without any license or permission of the concerned regulatory authority like RBI, SEBI, then he may be booked under the Prevention of Money Laundering Act, 2002 (PMLA) which was enacted to fight against the criminal offense of legalizing the income/profits from an illegal source, once reported to the vigilance cell. The Prevention of Money Laundering Act, 2002 enables the Government or the publ ...ReadMore
Personal loans
Hello sir I took different personal loans and credit cards and invested in crypto market and lost all money and crypto futures ,this is 1st month iam not able to repay all due to tight ,what should I
2 months ago
A. Dear Client,
Banks are not legally obliged to settle a debt lowering your outstanding debt, but because they want to protect their bottom line, they may agree to a debt settlement to avoid further financial loss. You can try to negotiate a debt settlement on your own if your pocket permits to repay the entire outstanding at a time for a one-time settlement(OTS) of dues, but sometimes it's typically done through third parties like debt relief companies, which you may hire to negotiate the settle ...ReadMore
Cash given to dealer
I gave 100,000 RS to a dealer for deal of a residential plot. Even after 45. Days no aggreement is done and I am doing follow up with dealer again again again. They are just saying tomorrow it will be
2 months ago
A. send a legal notice to dealer and his partner and file a case against them if they doesn't return your money after 15 days from notice
You can get lil bit of legal expenses back from the dealer in case if you win the case, for that you are required to appoint a strong lawyer.
