I had borrowed some 5 lakh from one money lender some at 10% some at 15% monthly interest. Till now I have paid him more than 10 lakhs within an year. Now he told I still have to pay him 2 lakhs. I did not had that much money so he told to pay interest. I was paying 20K per month for 2 3 months later on it became difficult for me to pay interest also. So the lender asked for interest on interest that was 5k per month. Later on I was not able to pay that also. We had lot of verbal arguments over me not being able to pay. He threatnes to harm this and that.
Last month he come up with one amount 5 lakhs 50k to be paid on1st Oct and that Diwali is coming so anyhow he needs amount. I don't have any amount to pay him and I am worried also he may do some harm.
I heard 5 6 months ago there was crackdown on such money lenders and the authorities was providing relief to affected parties. I don't know which is that authority which can protect people like me. I sent ananoymous mails to IG, SP, Collector, District Registrar & Collector of Stamps and CP but no one took any action.
Please let me know any competent authority that can take action on such money lender and save many like me.
