SIR, I HAD TAKEN A LOAN FROM FULLERTON INDIA CREDIT CO.LTD. AT SURAT ON AUG 08. AT THE TIME OF LOAN THEY VERBALLY STATED ME THAT THE INTEREST RATE WOULD BE @ 18.5% P.A. AND DISBURSED A CHEQUE OF RS.21, 754 WHEREAS THE LOAN STAND OF RS.25, 000 AFTER THIS THEY SET THE EMI OF RS.1, 708 FOR 24 MONTHS AND THE EMI STARTED TO CLEAR FROM MY BANK BUT ON JAN09 I GOT WELCOME LETTER AND FOUND THAT THE INTEREST RATE WAS 54% P.A.THEN I TALKED WITH THE RELETION MANAGER OF THE CO., HE ASSURED ME TO REVISE THE INTEREST RATE AT 18.5% P.A..BUT TIME HAD PASSED AND THEY DID NOT REVISE THE INTEREST RATE AND TILL THEN I HAD PAID 6TH EMI.IN THE MEAN TIME GOT SOME FAMILY PROBLEM AND LEFT THE JOB THAT'S WHY I WAS NOT ABLE TO PAY THE EMI.
AFTER THIS ALL THE AMAZING THINGS STARTED TO HAPPEN IN MY LIFE, LIKE THEY STARTED TO HARRASSING OVER MOBILE AS WELL AS AT HOME AND THREATNING TO BEAT/KILL AND AT LAST THEY PICKED UP MY MOBILE NOKIA N72 WHICH I HAD BORROWED FROM ONE FRIEND, COST RS.8, 500 THEN I WROTE A LETTER TO R.B.I.AS WELL AS SUPREME COURT OF INDIA AND KNEW THE MATTER.
WITH REGARDS,
PRADEEP, SURAT
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