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Took loan but due to harassment fled from that place


19-Oct-2023 (In Recovery Law)
I have the loan on high interest from person without any proof I used give the interest every month but he was harassing me so I fled from the place. Now tell me what to do
Answers (2)

Answer #1
619 votes
Running away will not help you.

You have to stand up and fight .

The lender can not charge high interest rates.

You can easily get out of the trap of paying high interest.

You need to take legal precaution and protection.
Answer #2
971 votes
Dear sir,
Action against you can be depending upon the documents if you have executed and when the amount was taken. If it is private loan the lender may file civil suit. you remain away from him but better to keep watch on him. In case he files civil suit, he may get ex-parte order against him. please consult lawyer and obtain proper opinion in detail.

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