Questions & Answers
Settlement for a bank loan with the collection agency
Hi Lawyers,
I have outstanding dues on my personal loan and the bank filed a case on that. I am trying to get a settlement through the debt collection agency.
They asked me to sign a financial letter for that, along with it, they need all my documents. Is this mandatory?
Is there any issue in signing the financial letter?
Is there any issue if I could not make the payment on the mentioned date?
Please advise.
Dear questioner
It's better that you talk to the bank directly. Talking to a 3rd party will not be that much beneficial.
There are several instances where the debt collection agency have mishandled the client.
Kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.
Dear client,
Thanks for your query.
Please call on the phone for a detailed discussion.
Thanks
