Cash credit (c.c)

Querist : Anonymous (Querist) 21 June 2022 This query is : Resolved
Well I want to know from the experts, I have taken a loan from bank and from 3 years I m playing my interest without any failure bank is mentally touching me like they are telling me we will stop ur CC that I m having problems in not maintaining CC then even though I have given 3 lakh FD n my land to bank they are telling FD n Paper work are not perfect my? Is if paper work is not Oki n if I have not given FD then how they approved my loan before n now when I showed them that I have given FD n Land paper after that they are telling me u are not maintained account so tell me how can I maintain my account when from 1.5 years my business was close bcz of CORONA VIRUS this year I m Manton my account but then also they are mentally Harasing me that they will recall my CC what should I do. I'm feeling very worried I live with my 1n half year child n wife n only with this business I m alive if they will close suddenly where I will go after all this also I never faild to gv my interest

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Quick Summary

A business owner is experiencing significant stress due to their bank threatening to recall their Cash Credit (CC) facility, despite consistently paying interest for three years. The bank cites issues with paperwork and account maintenance, even after the customer provided collateral like an FD and land. The customer explains their business was closed for 1.5 years due to the pandemic and they are now struggling to meet the bank's demands while supporting their family.

kavksatyanarayana (Expert) 21 June 2022
It is not a legal query. It is not a platform to suggest how to maintain your credit account and your business, If you face any unnecessary problems from them, complain to Ombudsman.

Pradipta Nath (Expert) 22 June 2022
Legal query is lacking.

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