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Credit card and personal loan emi default


28-Aug-2023 (In Banking / Finance Law)
Sir i default 2 emi personal loan and credit card.my loan is 1 lakh 75000 so what is my punishment is case gone court
Answers (1)

Answer #1
724 votes
hello
you need to pay your EMI regularly. if you fail then you have to face legal action. the loan lender has initiated Arbitration against you and they also initiated cheque bounce cases for recovery of loan amount. for more information please contact me.
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