Took loan, now unable to repay it. What to do?

Hi.. From a financer take 2 lakh rupee on interest of 10%.. Few months back.. Becoze of financial crisis no m not able to pay the amoount at a time.. What should i do please help.. As i m a single parent.

Answers (1)

126 votes

Approach financier and talk to him. Explain your situation and try to re-negotiate the repayment schedule. It will be expensive for both financier or you if he goes to court to recover dues. In the interest of both parties, to settle the issue.

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Recovery Lawyers

Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
34 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
20 years Experience
Advocate Rajeev Nigam
Kanpur Nagar, Kanpur
27 years Experience
Advocate Rajesh Rai
Sector-19, Dwarka, Delhi
21 years Experience

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 and has been responded by one of the Recovery Lawyers at 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 or contact a Lawyer of your choice to address your query in detail.

Related Questions

" has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Related Articles