Legal Question in Civil Rights Law in India

Dear Sir,

I have a personal loan from Barclay and Credit card loan from SBI Bank,

THere is no default payment from 4 years untill now, I have sold out my property and also I become a jobless person. So I could not not continue to pay the said loan to bank, my outstanind is up to 1 lakh with this two bank,

How do tackle the situation, because I am not staying any more in the same place. my house has been sold out because of this harashment from banks.

Please help me to find the way.


Asked on 2/11/10, 2:19 am

1 Answer from Attorneys

Sudershan Goel India Law Offices of Sudershan Goel - Advocate

There is hardly any way out for you except to go for a compromise and arrangement payment.

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Answered on 2/11/10, 11:35 am


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