Credit card related
sunil sharma
(Querist) 05 May 2014
This query is : Resolved
DearAll
I have personal loan with bank Citi, last 1.5 years. the term of loan is 3 years. Now I am job less and not getting the job of that salary, which is in my previous one. Can anyone help me in this regard. I have paid emi upto 1.5 years but now unable to pay because, i have a family and whats i am getting i have to spend on daily expense.
V Pratap Kumar
(Expert) 05 May 2014
You will have to meet up with a financial consultant and work with them and seek restructuring of loan. your situation is common and consultants are there to help you wade through this unhurt.
Devajyoti Barman
(Expert) 05 May 2014
Better negotiate with Bank officials to work put on a amicable situation. Since you are a borrower, you have to pay.
Only help you get from the bank only.
Rajendra K Goyal
(Expert) 05 May 2014
Better dispose off any of your asset even at lower price, negotiate and pay back otherwise the Bank would create a hell for you by giving continuous tensions through recovery team.
Sankaranarayanan
(Expert) 05 May 2014
How the bank given you loan and how u suddenly job loss. what ever it is your legal bound duty is to repay it. you explain your situation and settle the loan amount amicably with the help of bank authority
Sudhir Kumar, Advocate
(Expert) 05 May 2014
is bank responsible for your loss of job?
if yes. you need not pay
if no then you have alreaydbeen advised by experts above.
Kumar Doab
(Expert) 05 May 2014
AS advised by experts negotiate to restructure...............
Try and clear the debt.
Or it shall continue to increase.
Avoid loan(s).
T. Kalaiselvan, Advocate
(Expert) 08 May 2014
I agree with the views and advises rendered by expert Mr. Pratap Kumar, you may follow his suggestion to negotiate with the bankers for restructuring the loan and the recovery process accordingly explaining your present inability to immediately repay as per the old structure and for further reliefs thereon.
