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Tilak Shetty   03 September 2019

Recovery agent harassment

for a late payment of my EMI bank Recovery agents and banks torturing mentally am respnding them but they r turturing evry month


 5 Replies

Real Soul.... (LEGAL)     03 September 2019

This is now their way to get the money,since they don't want to file any cases being expensive and unceratin.

It is better to pay regularly at proper times to aviod humiliation. 

Tilak Shetty   03 September 2019

due to business loss am paying late already i told them about loss but they sending agent to home every mnth twice

Real Soul.... (LEGAL)     03 September 2019

They want to keep the pressure maintained upon you. If you file police complaint they may harress you by other ways and may create problem;Need to tolerate them until the loan is cleraed off..

rajeev sharma (Advocate Ex senior manager law )     03 September 2019

Reserve Bank of India has laid down a model code of conduct for recovery agents this may be serches at the web sie of RBI . If any recovery agent is flouting the norms you may file complaint with reserve Bank and in the complaint you may name the branch manager of the bank also. An complaint may be filed with banking ombundsman. you  have not mentioned what kind of loan you ar having . Consumer remedy may be diffent for diffrent loans. 

Nilesh P   03 September 2019

This is a classic case of extortion
Report to the nearest police station at your earliest

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