2 Answers
Dear Client,
If you borrowed approximately ₹8,00,000/- in 2023 from five lending companies and are presently unemployed and unable to repay, you should immediately inform the lenders about your financial hardship in writing.
Keep copies of all loan documents, statements, messages and recovery calls.
Recovery agents should not use threats, abusive language or unlawful harassment.
They should also not improperly disclose your loan details to relatives or other third parties.
Request each lender to provide the updated outstanding amount and available repayment/restructuring options.
If harassment continues, submit a written complaint to the concerned lender's grievance authority and preserve the evidence.
You may opt for a one-on-one consultation with our office for further legal assistance.
Hope this clarifies your position.
OLQ LAW FIRM
Dear Client,
Based on your query you can send a legal notice to the different companies. if you need any kind of assistance regarding the drafting of the settlement legal notice, feel free to contact us.
warm regards,
OLQ LAW FIRM