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Non payment of personal loan and credit card dues


11-Aug-2025 (In Recovery Law)
I am in financial trouble from last some months and had not been able to pay personal loan emi and credit card bills,recovery agents are coming home and also received legal notices for which I had taken help from FREED for loan settelment as I am not been amle to make any emi payments ,but freed also given me assurance of harrasment protection and legal support by call forwarding but I think that they are just misguiding me and taking money from me in name of monthly fees only. Can any help me
Answers (1)

Answer #1
871 votes
If you are unable to pay EMIs and credit card dues, you can approach the lending banks directly to request restructuring, settlement, or a one-time compromise. Recovery agents cannot threaten, abuse, or forcibly enter your home — such conduct is illegal under RBI guidelines. Send a written complaint to the bank’s grievance redressal cell and also to the RBI Banking Ombudsman about harassment. If recovery agents visit without notice or behave unlawfully, file a police complaint for criminal intimidation and trespass. Keep copies of all notices and communication so that, if needed, you can seek court protection against coercive recovery measures.
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