LawRato

Unable to pay loan emi. Please advise me suitably.


25-Apr-2023 (In Cheque Bounce Law)
How to settle personal.loan car loan credit card outstanding and finance loans.....all inclusive total debt approx 24 lacs.....due to job loss and unable to get a new job in last 6 months now I am unable to pay further emi for any of my loans.....want to settle all loans at lowest possible amount.....pls suggest
Answers (3)

Answer #1
774 votes
After going through the details of all your loans I would be able to give you proper legal advice. Personal consultation will be required to give you suitable legal advice. So if needed you can contact me.
Answer #2
551 votes
The famous person told it that, Only use money as per size of your pocket. Another one says enjoy this life by hook and cook by obtaining Loan or any other way because you can't take this life in 2nd time.
So, there are two beliefs someone follow 1st one and some other Second.
If you take Loan use Credit Card the Bank should realised it from you. There is no easyest way to solve it my friend. Therefore, to maintain your dignity try to settle it through concern Bank Authority as early as possible.
Answer #3
834 votes
Dear client,
As you have availed loan with other facilities you have to repay the loan amount you cannot escape the liability to pay loan. But you can obviously request the bank for settlement of your account which is totally their discretion to do. Legaly there is no way but there are certain ways and tricks but the public site is not a place to discuss the details....

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."