in a dangerous position
M J
(Querist) 19 April 2009
This query is : Resolved
Today I am in a dangerous position where all my salary goes to repay the loan in different banks. I am paying almost 38000/-as EMI in different banks. I asked to the banks giving me a break from paying the EMIs. No banks are accepting my query and says that ECS can't be stopped.
Could you please let me know how do I login the below complaints/ If i login these complaint will it affect my career?
1. One Bank offered me a loan without in need of any urgency for money.
The bank said to me that they will open a new account and put the loan amount to this account. So it will not count on your loan summary. I was felt doing something wrong, but I fell on their soaping and agreed to take the loan. I have taken this amount as a loan only because of their frequent calls from for selling the loan though I don't have in need of taking the money.
2. The same Bank has given me two credit cards without my consent and I paid the amount Rs 8000/- for credit card bill which i have never used.
Once after my loan got sanctioned, I have received a call that asking what is your mother's name and then after few days I have received two credit cards on in my name and other one is in my mother's name, she is passed away 16 years back. I have never used this credit card, but after a month i have received credit card bill and asking me to pay the money. They keep on sending me the bill every month. One day I got a threatening call from this bank and says that he is calling from legal division and my name they are going to put in defaulters list. He asked me to go to the bank immediately and pay the amount. For avoiding this I went to bank and paid the amount 8000/- and logged a complaint that refund the money which I have paid for the creidt card which I have never used. Still I have not received any response on my complaint.
3. I need atleast one year break from paying the EMIs in differnt banks and after a year I will close all the loans.
Again I have keep on receiving a call from some other bank as I said to them that I have already a loan, though they offered me a loan.
But I unfortunately they all got sanctioned. Today I was in a dangerous position where all my salary goes to repay the loan in different bank. I am paying almost 38000/- as EMI in different banks. I asked to the banks giving me a break from paying the EMIs. No banks are accepting my query and says that ECS can't be stopped. Please I need one year break from paying the EMI and after a year I will close the loan.
I have not approached to any bank for a loan,except one bank, but they keep on calling to go for a personal loan . So that I forced to take the loan from different bank eventhough with out any need for the money. But today my life is something for paying the loan amount. I will pay all my commitments, but I need atleast one year break to complete this. I want to go back to the life which I was really enjoying with out any financial commitment to the bank. today I am not in a position to think freely, because i am guilt to God that I have broken the commitment which I had before God.
K.C.Suresh
(Expert) 20 April 2009
Do you think Prabhakar this will work out. But he can ask the bank to initiate legal proceedings so that the he will get time. The value of money is a matter most youngesters in IT filed forget when using cards and laons. God help them.
adv. rajeev ( rajoo )
(Expert) 20 April 2009
Regarding credit card. When u have not used the cards but received a bill u better approach a consumer forum.
If u want relief from the bank for some days, then issue a notice to the bank stating that I am ready for one time settlement and I am ready to pay (quote sum amount) and want to close the loan a/c.
Otherwise then go for nationalised bank and take a loan and clear the harrashing banks loan a/c.
Last resort u keep quiet then banks will issue a notice. They have no option except to recover the money from u by filing a suit.
Plaese follow what other learned members advised u.
Keeep Cool.
Uma parameswaran
(Expert) 20 April 2009
Don't think you are in dangerous position while standing in front of any situation. Face it bravely. If bank people observe you are frightening by their action, then they will make use of the position. Analyze your financial position. Take each matter one by one. Analyze it deeply. Don’t think about what bank is telling or acting against you. Bank could not take any action according to their wish. You have the right to tell your side and the Bank is obliged to hear you. If they are not giving you time or taking any hasty steps you can go before bank's ombudsman, consumer Court or file a private complaint.
