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Trying to clear loan/cc dues one by one in small EMI's


04-Sep-2025 (In Recovery Law)
Hi, due to my inefficient financial plannings at some point of time, my number of EMI's have gone high than my income, so I decided to club all the loans as one,so that my EMI will become lower. But it wasn't happen and I was stucked & missed number of loan EMI's and become defaulter from past 3-4 years. But i never quit my job & already settled some of my loans in small EMI's, in this process, one of the lender blackmailing me by approach my employer if i not pay the outstanding due at once.
Answers (2)

Answer #1
696 votes
Lenders cannot have the right to harass or blackmail you by threatening to approach your employer. Such conduct amounts to criminal intimidation and unfair recovery practice, which is prohibited under RBI guidelines. You may lodge a written complaint with the bank/NBFC’s grievance officer, escalate to RBI Ombudsman, and if harassment continues, file a police complaint for blackmail and criminal intimidation. You are legally liable to repay loans as per agreement, but recovery must be through lawful means like civil suit or DRT, not threats. Do not succumb to pressure; protect your employment by taking timely legal steps. Immediately consult a lawyer and send a legal notice to your lender who are blackmailing you infront of your employer. It will help to protect your Rights and give protection from your lender.
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Advocate Pavani Kumari

Adv. Pavani Kumari

LawRato Guntur | 400+ Answers
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Answer #2
949 votes
Approach us we will help you by filing in court and we get the orders from court not to harasses you and your family and friends from bank officials and recovery agents, and you get time for payment of loans , approach us we will help
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Advocate Rajkiran Govindcar

Adv. Rajkiran Govindcar

LawRatoHyderabad | 700+ Answers
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