Unable to pay remaining installments for getting laid off
18-Jan-2023 (In Banking / Finance Law)
I had taken a loan of 1.14 in 2007 with 48 monthly instalments out of which 29 instalments were paid and the remaining 19 instalments could not be made because i was laid off. now after all these years I get a call today from the bank asking me to pay the remaining 19 instalments as a full and final settlement. Is there any option...Please help(I'am still jobless)
1. Issue legal notice to the bank about your situation and you need more time to repay the loan.
2. If you get frequent harassment calls from recovery agents then file police complaint with near by police station.
2. If you get frequent harassment calls from recovery agents then file police complaint with near by police station.
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