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Having Loan With Cashe Loan App But The ECS Is Bounced Due To Insuffic
12-Jan-2023 (In Cheque Bounce Law)
Dear sir my self Nitin Dawkhar I am having running loan with cashe is ECS having bounced due to insufficient balance in account they tried multiple time ECS on particular date of payment as a charged per transaction is 690 approax now they are calling and harassing for payment using abusive language saying we have registered a police complaint and also told we called your all contact including relative friend colleagues I having call details of them can they complaint in police against me
hi
in this case whatever is lending company is doing is illegal.
the lending company cannot initiate criminal action against you
the lending company cannot use abuses etc for recovery
moreover they cannot call your relatives by evading your privacy
in this case whatever is lending company is doing is illegal.
the lending company cannot initiate criminal action against you
the lending company cannot use abuses etc for recovery
moreover they cannot call your relatives by evading your privacy
Helpful?
41+
41+
Adv. Rohit Shaligram
Pune | 500+ Answers
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What is legal notice for personal loan?
Legal notice is a formal statement made between two parties to alert the other party before legal action is taken in order to recover their due payment. When you are trying to collect money from people who owe you money, the function and importance of a legal notice for nonpayment loan recovery becomes significant.
What is the punishment for not paying loan in India?
The lender can sue you if you do not pay your debt. You will be ordered by the court to repay your debt in full or face other penalties, such as wage garnishment and asset seizure. The lender can report your late payments to credit bureaus, and may send debt collectors to you. 21-Dec-2022
What is the notice for not repaying a loan?
Right to ample Notice
The lender must first give the borrower a 60-day warning if the account is classified as an NPA, and the repayment is 90 days overdue. The bank may sell assets if the borrower does not repay the loan within the 60-day notice period. 11-Apr-2016
Is CASHe approved by the RBI?
CASHe is not a bank or NBFC, as its powered by Bhanix Finance and Investment Ltd. which is an RBI-registered NBFC. 09-Nov-2023
if your cheque has been bounced, and if you have the money to pay but need sometime please write it to the holder of the cheque otherwise they will initiate action against you. and file complaint in the magistrate court against you.
Helpful?
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Adv. Garima Anil Mehrotra
Mumbai | 500+ Answers
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