Do I need to respond to legal notices for loan EMIs?
Lenders are sending me legal notice against non-payment of loans EMI. Is it necessary to reply to legal notice? How can I get either more time or less EMI amount as per my convenient way to pay loan EMI?
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Advocate By LEAD INDIA
Answered: 17 Feb 2025
It is essential to respond to the legal notice for non-payment of EMI to avoid legal consequences. You can negotiate with the lender to request an extension, restructuring of the loan, or a reduction in EMI. If they refuse, seek legal assistance to explore options for more time or reduced payments through a formal agreement. For further legal assistance contact us on our helpline number.
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