Blog

"Learn how to protect yourself from illegal recovery practices and harassment from debt collectors. This guide covers your rights as a borrower under RBI guidelines, legal recourse through the Consumer Protection Act, and remedies under the SARFAESI Act to safeguard against abusive recovery tactics and secure justice."

When parents settle a loan, it can significantly impact their child's ability to secure an education loan, affecting factors like credit scores, financial stability, and loan approval. This article explores the repercussions of parental loan settlements on education funding.

Bank representatives visiting your home for debt collection or other purposes can feel intrusive, but knowing your rights can help you maintain privacy and control. This guide offers essential tips on handling such visits professionally while safeguarding your personal space, including understanding your rights under RBI guidelines, verifying the agent’s identity, and taking follow-up actions to protect your privacy.

Many women in India, when faced with the pressure of repaying debts, experience harassment from aggressive creditors. These recovery agents often resort to tactics like persistent phone calls at odd hours, threats of public humiliation, and even unannounced visits to their homes. For women, especially those in vulnerable situations, this kind of harassment can be deeply distressing.

When liabilities become overwhelming, individuals often face two primary options: debt settlement or declaring bankruptcy. Each approach has its own advantages and drawbacks, and the best course of action depends on personal goals, financial circumstances, and the willingness to accept long-term consequences.

Managing multiple loans within the same account can quickly become overwhelming, especially when juggling both secured and unsecured debts. The risks of defaulting on either loan are significant, with potential consequences ranging from asset seizure to legal action and long-term damage to your credit score.