What happens if I can’t repay a personal loan?
After taking a personal loan, I made half the payment, but due to some personal problems, I am unable to repay the loan. If an FIR is filed, how can I resolve this situation?
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Advocate By LEAD INDIA
Answered: 14 Apr 2025
If you can't repay the personal loan and an FIR is filed, first talk to the lender for a settlement or restructuring. You can also approach a lawyer to help mediate. Try not to ignore the legal notice. Courts usually support genuine cases if you show intent to pay and face hardship. For further legal assistance contact us on our helpline number.
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