Legal Question in Credit and Debt Law in India
Hai sir, i have taken 200000 cash loan from cooperative society. But i met with major accident and unable to work. Two of my collegues have signed guarantee. I am inable to regular installments and they are charging compound interest for that. Is there any chance that i can repay the amount without compound interest and also my collegues who gave guarantee also should not be bothered
Asked on 3/29/14, 11:26 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
30.03.2014
Dear Sir / Madam,
It lies in your interest to negotiate a one time full and final settlement and repayment of your outstanding co-operative society loan at the earliest.
Regards,
Answered on 3/30/14, 4:25 am
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