What to do if I receive legal notice?
I took a loan from the Fibe loan app. Later, I lost my job and am now unable to pay the EMI. The company has sent me a legal notice from Udit Sharma & Associates, Advocates. My loan amount is ₹16,000. What should I do now? Please help.
1 Answer
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Advocate By LEAD INDIA
Answered: 26 Apr 2025
Don’t ignore the legal notice. Contact the lender and try to settle or request a payment plan. If they file a case, you can defend it in court. Since the amount is small and not criminal, jail is unlikely. But it can affect your credit. A lawyer can help negotiate better terms. For further legal assistance contact us on our helpline number.
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