LawRato

Dont have money to repay the loan amount


21-Jan-2023 (In Recovery Law)
I took loan from bank, now I not able to pay now how can I come out of this
Answers (3)

Answer #1
989 votes
There is only way to do settlement with bank and there is no other way from which you can come out if u have no money then they will take it from your assets but bank will not leave only way to consult a lawyer directly to come out from this situation he will try to settle it with the law . No other way is possible
Answer #2
852 votes
depends what kind of agreement did you get into. because the bank would come after you with all its might. if it is security cheques they will file a complaint if your house is mortgaged or any other thing then they will try to get possession
Answer #3
570 votes
Hi,

The query regarding finding a solution for helping you come out of a loan from bank can seem complicated as the reasons for your inability are unknown.

Hope you understand our predicament.

Should you feel necessary to discuss pls feel free to reach out.

Regards ,
Salonee

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."