How to keep away the recovery agents - TIDDA Helpline 9962999008

A phone ring at early morning 4.00 am to Mr.Nirmal by an bank agent ask him to give the monthly due at 6.00  am at his home. Mr.Nirmal was terrified whose age is 43 was freezes and affected by paralytic after the phone call.

In a case that shocked the nation, ICICI Bank customer and Mumbai resident Prakash Sarvankar, 38, who had taken a Rs 50,000 personal loan, committed suicide last year, holding a recovery agent responsible for his death in his suicide note.

The young couple Mr.Balasubramaniam and  Mrs.Subashini who was blessed by two  little daughter departed from their lives after the continuous torture of banking agents.

Every day in the metropolitan  city and it suburbs thousands of families are affected by the recovery agents.  Without knowing the remedy  the victims fell prey to matrimonial breakup, suicides, physical and mental illness.

Every individual complaint to the Police station is vain. The Bank deal the customers very demonically. The RBI has framed guidelines  to the Bank. The supreme Court has banned the illegal trade practice of the banking agents. Even it continues throughout the country.

The one and the only remedy is the court of Justice. The victims should boldly approach proper court against the recovery agents and the bank. Until bank and its agents continue its harassment in different format. 

Every Bank and agent is responsible to the court for his illegal activities. You can curb the illegal measures and protect your peaceful living for the loan you obtain by approaching the court.

This agents haunt even the reserve bank employees in RBI quarters, not even they leave their own managers who was removed from the job. When your right is affected then approach the legal forum to stop illegal payments.

The Authour K.P.Satish Kumar M.L. is the leading Credit card and Personal loan Advocate

For Legal Assistance

TIDDA Helpline- 9962999008

No.2132, Vasantham Colony, Annanagar West, Chennai-600040.

Approach Legal Forums against Recovery Agents Harassment - Helpline:- 9962999008

The victims of the collection agents can approach consumer forum and civil courts for proper remedy. If an collection agent repeatedly calling the consumer, makes nasty comments, vulgar words or threading words or comments about the women’s physical appearance or calling a women to share the bed if she dosen’t pays the debt or continued phoning even after she paid her debt. Then make auto record of all the calls made by the recovery agents and get detail of calls and timings of the calls made by the recovery agents from your service provider. Recovery agents had faced thousands of lawsuits alleging they used abusive tactics to force consumers to pay debts. One such case a recovery agent was reportedly charged with threatening consumers with jail time and having employees tell consumers they worked with Tamilnadu Police Service. The innocent customers routinely tricked and coerced or attempted to trick and coerce thousands of victims throughout India into paying millions of Rupees in consumer debts through a variety of false statements and false threats. The writer Mr.K.P.Satish Kumar M.L. is the leading loan defaulter lawyer in Chennai. If you are affected by the recovery agents, approach proper Association or forum which deals the recovery agents and protect the victims. You can get 24 hrs help from TIDDA and its HELPLINE – 9962999008.