Harassing Calls From Recovery Agents (Personal Loan) | Vkeel - Free Legal Advice

Ankur Kumar

New Delhi

I took a personal loan. But last month lost my job, Now I can't able to pay my EMI. Me and My family getting threatening calls from Recovery agents. I am not in Condition to make Payment or any Settlement. my loan amount is 3 lakh 50 Thousand I am living with my dad. Trying to get a new job ASAP. I don't want calls. I can file bankruptcy. But the question is. Can they sell my dad's property to claim their loan money?

Expert's Answers(2)

Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

You try to Contact the Bank Authorities with a detailed representation explaining everything requesting you rescheduling the EMI plan and asking for some Moratorium Period to clear the issue. As Legally there is no remedy. But single residential House Otherwise cannot be attached and sold by the Bank. Initiate the negotiations. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

November 8, 2020
Advocate Satej C More
Mumbai, Maharashtra

17 Client Ratings

Dear Client, If you father is guarantor of the loan then your father will be responsible to pay the loan

November 8, 2020