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My car loan has been written off, and the car is still with me. I stopped paying the EMI 24 months ago and left the guarantor. The loan write-off is showing, and I am seeking your help. Could you please help me? If a case is filed, can I be jailed or issued an arrest warrant? Is it possible to keep the car with me? Please assist me.
If your car loan has been written off, the lender may still pursue the remaining debt. While jail time is unlikely unless fraud is involved, they can repossess the car. It's important to contact the lender to discuss repayment options or negotiate a settlement. Consider consulting a lawyer for guidance on your legal rights and options. For further legal assistance contact us on our helpline number.