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matter related to personal loan Default
17-Dec-2023 (In Banking / Finance Law)
I'm jobless from last 1.7 yrs, I'm unable to pay the EMI & card payment of ICICI & SBI CREDIT CARD respectively, tooled in June & July 2019.
03 loans on card from ICICI worth : 340000 (credit card personal loan) +150000 (personal loan) all tooked pre-approved loans, not done any paperwork.
SBI card payment : 84000(Normal transactions) What legal action bank can take on me & can I settle down on 50% of principal amount. Can I declare my self in solvent will it help me in some way.
Please guide.
Naveen Mehta
Please note that it is not advisable to declare yourself as insolvent, depending upon the actions taken by the bank as on date and how can we arrange for some time and way forward to enable you to pay in a structured manner. After discussing additional things we can proceed with your matter.
Helpful?
Adv. Tejasv Anand
Delhi | 100+ Answers
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