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Unable to repay personal loan and credit card dues


18-Aug-2023 (In Recovery Law)
Hi, I have total 6 credit cards with value of 2.5 lac and 3 personal loans- out of this 3, 2 personal loans are over 2.5 years old( remainder is 1.60lacs combining both PL) 1(1.90 lacs)personal loan is more tha 1 year old. I have lost my job from past 2 months hence unable to pay back the dues. I called up banks to provide some extention but NoGo. Plz help
Answers (1)

Answer #1
890 votes
Nothing to worry. You have ample of time to re- negotiation the terms of repayment. in event of pronounciation of NPA the bank will issue a notice under recovery of bank dues. In event if you have not received any notice, you still have some time to catch-up on your outstanding amount.
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