Questions & Answers
Consequences of defaulting on bank loans due to salary delay
I have a bank loan and credit card loan with 3 banks. As I am not receiving my salary of 4 months, what I have to do?
From the company side, I can't do anything. They will pay later but not immediately. I will wait till that. What I have to do for loan repayment and credit card payments?
If they go legal, what I have to do?
If I didn't pay, is it possible to waive it off?
Dear questioner,
Definitely, we can help you in this case.
Banks will start filing criminal cases against you if you have defaulted on their payment for 3 or more than 3 months.
There is no possibility to waive off your bank liability.
Kindly contact us via phone for a detailed discussion or write us an email for further assistance.
Dear sir,
If you failed to pay your credit card installments for 3 or more consecutive months, then the bank has the right to initiate criminal cases against you.
It is not possible to waive off the installments.
For that, you have to settle this matter with the bank in a friendly manner. Frankly speaking, you have to pay all your dues. We can assist you in this situation to settle the matter amicably with the bank.
Please feel free to contact us via phone or email for further details and assistance
Regards,
