Regarding Personal Loan Default. How to do settlement?
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)
The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.
Popular Recovery Lawyers
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.
Related questions
- Vehicle under Hypothecation
- Took loan from vendors they are harassing me for repayment
- Consultancy promised job and took money but failed to provide
- Client not paying money as per agreement
- Friend brought mobile from my creditcard. Promised to pay back emi.
- Vacating hypothication from a defunct finance company
"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
Related Articles
- Time limit for filing a recovery case is it valid after 3 years
- Is promissory note valid if there is no date on it?
- CAN I TAKE STAY ON AUCTION FROM DRT ?
- Can loan guarantor sue the debtor for non payment
- Law on giving safe friendly loan in India
- How to file a suit for recovery of money
- How to seek father's government job after his death
- bank sent notice to settle credit card bill what to do.
- Regarding Personal Loan Default. How to do settlement?
- Conversion of education loan account as NPA without notice
- Can bank ask guarantor to repay loan if borrower is missing
- What is the court fee for declaration suit
- Client Refusing to pay money what action can I take
- Money cheating/fraud by a friendwe have proof's How to file a case ?