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What should I do if I am unable to pay my loan and credit cards bill


20-May-2023 (In Banking / Finance Law)
Dear sir i have 5 credit card of diff bank and also have two small business loan upto 1.5 lakh and 3 lakh.. After some time my business is going in loss and i am unable pay..so what do i..these time becoz recovery agent also troubled me
Answers (1)

Answer #1
805 votes
You have approached the wrong platform
Thia platform is for providing guidance to person faving trouble legally. You on the other hand is wilful defaulter .
Because uaually no person keepa 5 credit card as it is impossible to repay the same
But you can approach a lawyer to file for settlment that way you will get some time to recover business and once its start good you repay the loan . But yku cannot escape the liability .

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