Need help in settlement of your credit card dues or personal loans?
Are you feeling weighed down by the burden of your home loan? Are you looking for ways to free yourself from this financial commitment sooner rather than later? You’re not alone. Many homeowners find themselves searching for effective strategies to repay their home loans faster, and fortunately, there are several methods to achieve this goal. […]
In 2023, having a low CIBIL score can make it difficult to get loans and credit cards. But don’t worry! There are ways to get a loan even if your credit score is not so good. In this guide, we will explain what a low CIBIL score is and why it can be low and […]
You may be wondering if it is possible to get a loan after you have reached a settlement with your creditors. The answer is yes – you can still get a loan, but there are some things you will need to take into consideration. In this blog post, we will discuss the process of getting […]
Facts of the case: The complainant, Vibhu Bhakru, had taken a credit card from the Opposite Party, Standard Chartered Bank in 1999 and had been very regular and prompt at payments. On 24.02.2004 an invoice was sent to the complainant demanding payment of Rs.750/- charged on account of renewal. The complainant requested redemption on the […]
The Reserve Bank of India, in its Bank-wise ATM/POS/Card Statistics, noted that in December 2018 the total number of outstanding credit cards issued was around 44.3 million. This number increased to 60.3 million by December 2020. Credit Card usage is inarguably increasing by leaps and bounds owing to the interest-free credit of upto 45 days, […]
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. […]
Facts of the case: Complainant, Tapan Bose, had taken a loan of Rs. 3,40,749/- to purchase Maruti Swift, from the opposite party, ICICI Bank. The opposite party had already taken post-dated cheques, so the monthly installments were paid on time. A few installments had been collected through ECS and cash as well. After 3 different […]
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 […]
Facts of the case: Complainant, Suresh Kumar, had taken loans of Rs.8,50,000/- and Rs.4,85,000/- from the Opposite Party for purchasing trucks to earn a livelihood through self-employment. Despite regular payments of the monthly installments, the complainant claimed that the opposite party had employed hooligans for forcible repossession of the truck that was delivering perishable goods. […]
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, […]
Need help in settlement of your credit card dues or personal loans?
