Failure to pay bank loan and the possible legal action

Dear Sir/Madam,

Thank you for your question.

In the case of failure for not being able to pay a personal loan, it is a common practice for banks to send several reminders, letters of demand before sending a final notice before legal action.

However, in theory, the bank can file a police case/civil case without issuing any prior warning letters.

I advise you to liaise with the bank directly in order to avoid any potential legal action that may be filed against you.

If you feel appropriate to discuss the matter in detail, you may contact us over the phone or you can visit our office.

Regards,

Mohammed Beakheet