I am a Debt Relief Consultant, engaged in helping out persons from the Gallows of Banks and other Financial institutions by submitting Computerised recalculated statement with reference to their Contractual rate, RBI/NHB Circulars and Court rulings. Majority of people have a misconception that Bank’s Accounts are correct always and view the self made Private Financers which grew from the grass root levels as Butcher. This prejudgment about Private Financers keeps the borrower vigilant and prompts him to explore all possible ways to prevent the financer from proceeding against his assets before the final amount is verified. This in my opinion is totally wrong. Majority of Banks Statement also contains Interest above the contractual rate and consists of various other exorbitant charges for Processing, Valuation, Renewal, Inspection etc which is beyond the comprehension of a common man. Moreover many actions by Banks and other Financial institutions are contrary to the guidelines of RBI, NHB and Court Rulings. If validated properly, there should be considerable difference in the Final Due Amounts claimed by Banks and other Financial Institutions. In my opinion allowing Banks and other Financial Institutions to recover the Amounts claimed by them without cross checking with the Contract executed will be suicidal.