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I my name is Amaan Patni. I am a commerce graduate from a middle class family working in a call center from last 4 years. Recently i have taken a loan from Barclays Bank for Rs.267000 and i was paying the installment regularly. But there was excess tax deduction for me in the month of FEB and MARCH and i could not pay the EMI for 2 months. Now i am getting thereating call from the recovery department stating that they will send the executive at my place and they will sit till the time i dont pay my money.
My dad is outstation for some work and my mom and my sister is alone at home. I am worried about them. i told them that i will make the payments but they denied stating that they cannot wait. Suggest me what to do
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| Amaan Patni (Posted: Apr 5, 2008) |
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Recovery of unsecured loans should be done adhering the rules set by RBI the recovery agents sometimes cause a lot of problems and should be treated accordingly RBI rules for recovery is still lineant with the bankers as compared to FDCPA of the USA. Any recovery agent voilating the guidelines shoud be treated as deserved
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| Anshul Raj (Posted: Mar 20, 2008) |
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Recovery process cannot be quantified in restricted process.. Only One Rule should be empphasised that recovery should be done remaining in four corners of law.
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| Parag Shah (Posted: Jan 3, 2008) |
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