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Regarding Personal Loan Default. How to do settlement?
In Recovery Law
I have taken a personal loan of Rs 10 lacs each from HDFC,ICICI and Citi Bank. But I am not able to pay the same:- 1) Does the banks always gives the option of settlement ,before taking any civil or legal action? 2) Is it possible to settle all my personal loan @ 50% of principle amount, if negotiated well? 3) Third and the most important, Can banks get in touch with my company HR and get my all personal details? Even though I am always reachable on my phone .Can my company fire me because of this?
Answers (1)
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