I took a car on loan and lost my job so could not pay my car loan.now i am settled in job and can pay back.How do i go abt repaying back my loan?do i need to appoint a lawyer?would the banks have filed a case against me?please let me know.i am in india
2006-08-08 18:48:45 · 3 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
You have to contact at related bank manager.he wil charge panality i.e Intrest of two years with fine and then you have to pay regular installment as with the running rate of intrest.
2006-08-10 05:12:58 · answer #1 · answered by linda 2 · 0⤊ 0⤋
I am assuming you bought the car in the United States ans left the country with the vehicle. You can contact the Credit Bureaus and request a copy of your credit report. The report should stipulate the current status of that credit activity. You can see if the debt was written off or not. It should also give you the name, address and phone number of the dealership who had to write of the loss. You can contact them and try to negotiate an agreeable solution. They would prefer to get some of their back - rather than losing it all. Good luck
2006-08-09 01:57:36 · answer #2 · answered by Coach D. 4 · 0⤊ 0⤋
contact bank from where u take loan
2006-08-10 23:59:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋