Credit Card and loans -Banking finance
13-Nov-2023 (In Banking / Finance Law)
I have credit card and loans with outstanding 1300000/- due to father Medical expenses spend one Card to manage that getting loans and adttional card. Now unable able pay , but If Banks restucture my all loan and card with interest I can regularize the payment. I am not able to one stelltement as since huge debts. I don't have any assets as well to sell and close it. I have earn 30000 per month, is possible Court can advise to restucture within my salary. Still am not went to default . please advise
if you cannot repay the loan and the bank is not giving the breathing time then you can approach the code to get a breathing time and obtain injunction not to harass the from the bank agent only legally then only the bank will give the cooling period and we can make settlement anytime in court
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