Difficult to manage because of a loan
Date: Sun, 04/15/2007 - 22:17
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.
Vikas thanks for reply.
Manoj
Hi Manoj, Although I spent quite a lot of time in the U.K. (whi
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.
Hi Manoj, have you asked your bank to modify the repayment plan
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.
Yes MANOJMALSKEAR, this site offers debt consolidation informati
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?
