Summary When a person takes a loan from a bank or financial institution and is unable to pay its installments (EMIs) on time, it is called Loan Default. If you do not pay EMI for 90 days or more continuously, the bank declares your loan account as NPA (Non-Performing Asset) and starts the recovery process. […]
How does a settlement happen after a loan default? Read More »
Summary Occasionally, the borrowers also go through financial crises and cannot return their loans in terms of time. In this scenario, they can ask for a settlement of the loan from the bank, which is a compromise agreement where the borrower pays a lesser amount than the actual amount to settle the loan. But banks
How to get loan settlement done through Banking Ombudsman? Read More »
Summary Your CIBIL report is very important to your financial health. It reflects your credit card and loan history and makes banks approve or reject your loan or credit card request. If there is a mistake, like an incorrect status of settlement in your CIBIL report, it can damage your credit score severely. A “settled”
How to raise a dispute if wrong settlement is on CIBIL report? Read More »
Summary Fraudulent loans that were approved are loans (Loan Settlement) borrowed in your name and details without your knowledge. It can negatively impact your credit history, financial standing, and state of peace of mind. However, if you respond quickly and follow the right course of action, you can shield yourself and put the situation right.
How to settle fraudulently sanctioned loans? Read More »
Summary Loan settlement is a deal with your lender or bank to pay off part of the loan amount, usually because you cannot pay back the entire loan due to financial constraints. It is also referred to as loan settlement and can relieve you of your debt burden, but it has some risks associated with
How to settle bank loans and private loans? Read More »
Summary Nowadays, many people use personal loans and credit cards. But many times, it happens that due to some areas, we are not able to pay on time, and gradually, the debt increases. When the financial condition of people deteriorates and it becomes difficult for them to pay, then people talk to the bank about
Does the bank settle loans and credit cards together? Read More »
Summary Loan settlement is a process that helps borrowers who are unable to repay their loans due to financial problems like loss of job, sickness, or loss of business. In Delhi, many individuals and small businesspersons are facing financial stress because of the high cost of living and tough market conditions. If repayment of monthly
Loan Settlement in Delhi Read More »
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