When a borrower, guarantor, or the family member receives notice from Debt Recovery Tribunal (DRT), the first reaction is fear. Most of the people immediately start thinking: It is only natural for anyone to feel anxious. Many times, the notices from banks and other courts are written with an intimidating tone, and they are also …
Received A Summons/Notice From The DRT What To Do Now? Read More »
When the borrowers face any difficulty paying their personal loan EMIs, then the first question that comes to mind is: “Should I opt for the loan settlement, or is restructuring a better option?” This confusion is very much natural. Most of the borrowers come to us after: Understanding all of the differences between the loan …
Can’t Afford Your Personal Loan Anymore? Settlement Vs Restructuring Explained Read More »
Financial difficulties can happen to any person. Most of the borrowers who miss the few EMIs find themselves taking the fresh loans to repay the existing debts. Slowly, one loan becomes two, two become four, as well as before long, the borrower feels that he/she is trapped in the debt cycle with no clear way …
Feeling Trapped In A Debt Cycle? Legal Ways To Handle Multiple Loan Defaults Read More »
When the borrowers miss few EMI payments because of the financial difficulties, then the biggest fear that immediately comes to their mind is: These concerns are fully understandable. The reality, however, is that the loan default does not automatically mean that the borrower loses all of the legal protection. Indian banking laws recognize that genuine …
Did Financial Crisis Push You Into Loan Default? Legal Relief Options Available Read More »
Most of the borrowers are confused about whether the banks or other lenders are able to charge them the fees that were not disclosed to them before they signed their loan documents. Whether banks or other lenders can charge a fee will depend on whether the charges were disclosed at the time of the loan …
Paying Hidden Loan Charges You Never Agreed To? Know Your Legal Rights Read More »
Losing a job can create the immediate financial pressure, when loan EMIs continue to fall due every month. For most of the borrowers, the biggest concern is: “What happens if I lose my job and cannot pay my loan?” Understanding all of your rights at right time can help you avoid all the unnecessary harassment, …
Lost Your Job And Can’t Repay Your Loan? Legal Remedies You Should Know Read More »
When borrowers settle the loan with a bank or NBFC, one question immediately follows, that is: “Will my CIBIL score recover after loan settlement?” Most people believe that once a loan is settled, their financial future is permanently damaged. Others mostly assume that paying the settlement amount completely clears the credit history. Unfortunately, both the …
How To Improve Credit Score After Loan Settlement? Read More »
One of the most common fears borrowers faces after missing a few EMI payments is this: These fears are very common for those who have taken out personal loans, credit card debts, immediate cash loans (instant app loans), consumer durable financing, or other unsecured forms of borrowing. Knowing all of your legal rights, settlement options, …
Unable To Repay An Unsecured Loan? Explore Legal Settlement Options Read More »
When the borrower starts missing the EMIs on personal loan, credit card, business loan, or the digital loan app repayment, the biggest fear is this: “Can the bank call my parents, spouse, employer, friends, or relatives for loan recovery?” People who borrow money in India often have legal questions about problems with collecting on their …
Bank Calling Your Relatives For Recovery? Is It Legal? Read More »
The most common questions the borrowers ask after missing a few EMIs is: “Can bank recovery agents threaten me, come to my house, call my family members, or publicly humiliate me for unpaid loan dues?” People are often afraid that they will be harassed by banks, financial institutions, and/or lenders once a loan has been …
Supreme Court’s Stand On Recovery Agent Misconduct And Borrower Rights Read More »
