Financial institutions’ aggressive debt recovery tactics can cause devastating psychological impacts, sometimes leading to tragic outcomes. This blog delves into the link between financial harassment and mental health crises, discussing banks' legal responsibilities, case studies, and preventive measures to protect borrowers and support families impacted by financial stress-related tragedies.
Learn practical strategies to maintain and rebuild your credit score after a loan settlement. Discover the legal implications, tips for credit recovery, and steps to ensure accurate credit reporting.
In India, debt recovery is a complex procedure involving various players and methods. Banks, financial institutions, and private creditors have the right to pursue unpaid debts, often employing specialized agencies or in-house teams. These entities use a range of tactics, from gentle reminders to more assertive measures, but all methods must remain within legal bounds.
Confused about how debt is recovered in India? This blog breaks down the legal processes, the role of authorised recovery agents, and what borrowers and lenders must know. From SARFAESI to DRTs, learn how debt recovery works without harassment—and how to navigate it responsibly.
High-interest loans can feel like a never-ending trap, especially when hidden charges and rising EMIs take control of your finances. This blog offers a clear, practical roadmap to resolve costly debts through negotiation, expert help, and responsible credit rebuilding—empowering you to regain control of your financial future in India.
Discover when to initiate the arbitration clause in a loan dispute, from failed negotiations to harassment by recovery agents. Learn how arbitration can provide a quicker, private, and fair resolution
Arbitration offers a faster, cost-effective, and legally recognized alternative to court proceedings for resolving loan disputes. Learn how the Arbitration and Conciliation Act, 1996, provides a structured framework to help banks and borrowers reach fair settlements while avoiding lengthy litigation.
Learn practical strategies to maintain and rebuild your credit score after a loan settlement. Discover the legal implications, tips for credit recovery, and steps to ensure accurate credit reporting.