Need help in settlement of your credit card dues or personal loans?
Being caught in a loan defaulter case can be a daunting situation, impacting your financial stability and creditworthiness. This blog is here to help you understand what happens when you’re in this situation, how bad it can get, and most importantly, what you can do to get rid of it. When you can’t pay back […]
If you are struggling to pay your debts, you may be considering debt settlement. This is when you hire a company to negotiate with your creditors on your behalf, in order to reduce the amount of money you owe. It can be a great way to get out of debt faster, but it’s important to […]
In these uncertain times, when the world is grappling with the pandemic, people are also falling into debt trap, unable to pay their EMIs. Here are some options to repay EMIs during difficult times: Create and Maintain Emergency Fund The future is always uncertain but it can be at minimal risk with an emergency fund. […]
With about 21 million people losing their jobs due to the pandemic, according to the Centre for Monitoring Indian Economy, Banks and NBFCs have gone into a collection overdrive resulting in recovery agencies calling double the borrowers than pre-Covid-19. The recovery process usually involves negotiating certain conditions of the loan agreement to help the borrower […]
A loan dispute is a common issue between a customer and a bank. All loans, whether personal or otherwise involve many technicalities that result in misunderstanding and dispute. The foremost basic thing, whenever a dispute arises, is to seek out the loan agreement and be aware of what the dispute is and why it occurred, […]
Credit score is a numerical value about an individual’s creditworthiness. This score helps lenders decide how likely a person will repay his/her loans in time. It plays a major role in determining a person’s eligibility for financial assistance in the form of loans. Therefore it is very important to pay one’s bills on time. Deferred […]
Sh. Bhupinder Sondhi v Abn Amro Bank Facts of the case: The plaintiff, Sh. Bhupinder Sondhi, had approached the defendant bank seeking financial support to buy motorcar Santro in the February of 1999. A loan of Rs.2,54,000/- was allowed to the plaintiff. The market price of the said car as of 08.02.1999 had been Rs.3,08,504/- […]
Facts of the case: The plaintiff was engaged in the business of printing and desired to purchase a commercial vehicle under hypothecation from the bank. Plaintiff had furnished relevant document in order to get a loan for the vehicle (Tavera) which was worth Rs.7,68,000/- The defendant asked the plaintiff for a payment of Rs.40,000/- which […]
Small-ticket personal loans (STPL) which a decade ago were the pinnacle of the crisis in a similar segment are back with a bang. This time, they are run by finance companies who use analytics-based software to approve and pay low-value loans. The share of small-ticket loans in personal loans has become five times in the […]
Need help in settlement of your credit card dues or personal loans?
