| Message |
Author |
 Posted: Sun Apr 15, 2007 10:17 pm |
|
|
I am working as a govt employee.Because of a loan
my salary comes very less.so it is very difficult to
manage everything.I need your help.I can pay it return
if my salary comes in gross.I am from india.Mumbai.The
loan is around 5 lakhs indian rupees.
Denny thanks for reply.
Manoj
_________________
Register today to cash in debtcc points.
|
|
MANOJMALSKEAR
Guest
Debtcc Points: 100
|
|
|
| Posted: Mon Apr 16, 2007 1:30 am |
|
|
Hi Manoj, Although I spent quite a lot of time in the U.K. (which I believe is similar to Indian law), my knowledge doesn't extend much farther than having to register with the Home Office. I would seek the advice of a solicitor in your area. Generally, it seems, this forum largely deals with American law, of which I am a student. Best regards, and best of luck to you.
_________________
He who has freed himself of the disease of "tomorrow" has a chance to attain what he came here for. --G. I. Gurdjieff (1872-1949)
The science is in knowing, the art is in perceiving - Robert Fripp (1946-)
Ever get the feeling you've been cheated? - Johnny Rotten (John Lydon) (1956-)
|
|
LawStudent
Moderator
Joined: 04 Apr 2007
Posts: 1191
Debtcc Points: 16430
|
|
|
| Posted: Mon Apr 16, 2007 9:35 am |
|
|
Hi Manoj, have you asked your bank to modify the repayment plan for you? If this is an option, you will be able to put more money for other necessary expenses. I don't know what the laws are in your country if you default on the repayments. But you need to talk to your bank in advance and explain the situation. Hopefully, they can work out something suitable for you.
|
|
Bony
Joined: 22 Oct 2005
Posts: 291
Debtcc Points: 4207
|
|
|
| Posted: Tue Apr 17, 2007 2:14 am |
|
|
Yes MANOJMALSKEAR, this site offers debt consolidation information and guidance for US people. As per I know, the concept of Consumer debt management through settlement or consolidation is not prevalent there in India. You may, however, go for a consolidation loan. Bony is right, talk to your bank and explain the situation. Also ask them if you are eligible for any forbearance or not. BTW, is it a secured debt or unsecured debt?
_________________
Read my thoughts about Debt and Credit.
|
|
stanley
Moderator
Joined: 30 Sep 2005
Posts: 1716
Debtcc Points: 251
|
|
|
