This Video talks about the methods to use when you or your relatives are harassed by the loan recovery agents. It is settled law that these recovery agents cannot use abusive language and nor can they visit without the presence of a bank personnel and the visit can be made only during the normal business working hours. Once you take up any of the methods as suggested in the video, you will be able to protect yourself and your relatives from the unruly nature and unnecessary harassment, defamation and embarrassment.

The strategies employed by the Loan recovery agents have been depreciated by the Hon’ble Supreme Court and other courts as well where the Courts have warned the banks and non-banking financial institutions who hire unruly loan recovery agents against violation of the RBI guidelines and to protect the right of live peacefully as enshrined under the Constitution of India.

This video also talks about the legal remedies available under the law to any defaulter to protect themselves and their relatives whom the loan recovery agents contact for building pressure upon the defaulter to make good the payment.

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