Lets Talk :(+91) 9892162702
back
Articles

Loans - Defaulted on your auto loan repayments? Know what is in store for you
21-Jun-2004
fjrigjwwe9r3SDArtiMast:ArtiCont

name of abortion pill in u

usa buy abortion pill truonggiang.net
fiogf49gjkf0d

Defaulted on a vehicle loan repayment? Be careful. For financiers are known to use muscle power and a number of them have been known to take possession of the vehicle while it is plying on the road. While the Delhi High court has warned finance companies from taking to such extremes no heed is paid to them.

In case of a default of repayment by an individual the court has stated that when the post dated cheque bounces the individual should be intimated by registered post about the same. Also the individual needs to be given a notice of about seven days within which he can pay up.

But in case the second cheque also is dishonoured a further extension may be given of another seven days and the loan may be recalled as per the terms of contract. But in no way can the company track the vehicle while on the road since it would mean harassing the consumer which would be against RBI guidelines.

Source : dwt back

Contact Us

SABOO CONSULTANCY:
201,2nd Floor,Samarth House,opp.Kali Mata Mandir,
Bangur Nagar,Goregaon(West),Mumbai-400104, India.

sabooinsurance@gmail.com
saboo_lic@rediffmail.com
Mob.:(+91) 9892162702

Keep In Touch