Respected All,
Mail is to be marked to RBI, BARCLAYS BANK, CITI BANK, DEUTSCHE BANK, HSBC BANK, HDFC BANK, ICICI BANK, KOTAK BANK, SBI BANK, CIBIL, CONSUMER GUIDANCE HELP,
Advise, guidance, suggestion, required from senior managements, executives, directors, officers, Mail marked to 9 banks..current salary 25000 nett & monthly commitment 96000 Few minutes of valuable time can save some lives... Clean track record of 7 years of several loans.without defaults & no late payments & no cheque bounces... monthly commitment is 4 times more than my nett salary... Repaid till today..
Please ADVISE, find the case as follows, ...Liability around 16 lakhs on me.
For you it might be wasting of time, but please do not ignore it, atleast read once..
I took PERSONAL Loans from 6 multinational Banks in the month of June Loan amount 9, 62, 000/-. EMI 29995/- (Rs. 30000 /- per month)... while work in one pvt sector bank worked there at the salary of 17000/- ..
I left the job in 08/08 & started business in partnership but suffered a heavy loss of 150000 in 3 months from the Loan amount... I also lost 500000 in shares trading during the same period investing through 5 demat accounts at the index of 21000 .. Apart from this I kept aside 200000 from the loan to repay the 6 months EMI of the loan... which i repaid...
Till date I've repaid 35 months EMI consistently as per schedule with out any cheque return/with out any cheque bounces, no late payments... (i.e. 30000*35 =105 00 000) 10 lakhs of loans... already paid...& Credit card payments without any late payments on time around more than 350000/-. Total Payments made ot all banks is around (13 50 000/-) & still outstnading is 12, 00, 000/- & personal liability is around 300000/-.
I got a job in private sector bank, which i joined in the month of September at the salary of 20000/- & working till date for the past 33 months with a gross salary take away of Rs. 25000/- (Tax deduct annually at end of the year)
In the 3rd month in september only I realise that now I will never come out of it & will not be able to sustain & will not be able to repay the loan, But I make arrangements of funds by using Personal Loans balances, by sold personal assets, arranged the funds from friends for payments & to do so i utilises my creditcards only for making the payments of EMI, & while using the card month on month total outstanding is around 500000 /-.
It shows my intention to Repay loan on time without any default.
I am presently earns 25000 (net deducting 4000 /-tax approx. ) & monthly commitment of loans & personal expences are around 95000-96000
EMI PERSONAL LOANS 6 BANKS...(-15000) from august 30000
CITI BANK PL THROUGH CC 11, 149 /- 13 MONTHS paid on time 4000 min payment 14000
CITI BANK 2 other card 4000
ICICI BANK, 5000
SBI, 1200
HSBC BANK, 3000
KOTAK BANK, 4700
BARCLAYS, 2200
HDFC BANK 4500
monthly personal expences minimum 5000 rent & minimum 10000 home expences 16000
& Lons took from friends Interest 4000
Fullerton finance 5000
Amount to be pay to my father house 3000
TOTAL per month. 96600
.(-15000) from august then it will be till few years... 81600
Total Credit card outstanding as on today is around 500 000 /-.. if I PAY MINIMUM payment 5% of it, it comes to 25000/- per month, & after paying 25000 it only reduction of 6000 /- as principal amount & rest Interest & servicecharges, around 19000. per month.
It means If i repay till next 7 years minimum payments i will be freed form credit card liability then only i wll come out of it...
Total amount i have to re pay is 21, 00, 000.. I will have to pay 21 00 000 (25000*84 months)... to repay 500000/-
Total liability on me is around 1590000 (16 lakhs)...
I do not have any solution with me & do not have any resources to arrange funds, I do not have any vices, no bad habits, no alcohol, no smoking, no chewing of tobacco, no gambling habits, pure vegetarian, I am staying on rental basis 5000/- rent & 11000/- monthly home expences for 3 (me, wife & my daughter 7 years old) for living simple routine life, monthly expenses 16000/-.
My father is a retired person & staying with younger brother, & mother is also house wife. i am from lower middle class family. I had spend my 8 years in hostel & complete my graduation... No support from any sources for funds... I repaid the loans with good intention, from the 3rd month past loan took, i realise that I lost all my money & will not be able to make payment, but I repaid it till 35 months will positive attitude with ethics... even i knew the fact that i will never come out of it, but now i am not in position to make payment to any one. any more... I realised the fact 30 months ago then also i have not done any fraud. or any un ethical thing. It shows my intention to Repay loan on time without any default... First time in life i played a gamnbled, invested blindly in stock market... I was in dream that every risk bearer has right to PROFIT... But now i realise that it was a half sentense full sentense is. I that every risk bearer has right to PROFIT & right to LOSE also... 3 years back I was inspired by one hindi movie based on Indian businessmen tycoon, which had created history & made success in 10 years, now he was no more, his next generation 2 son running the business in seperate groups.
My calculations were beat me..& I lost everything. Please advise...
Relations with each bank...
1 ICICI BANK, CREDIT CARD & PERSONAL LOAN out of 36 EMI 35 REPAID... only CC PAYMENT DUE AROUND 90000
2 SBI, CREDIT CARD credit card due around17000
3 HSBC BANK, CREDIT CARD & PERSONAL LOAN out of 60 months repaid 35 on time CC outstanding around 60000
4 HDFC BANK, CREDIT CARD & PERSONAL LOAN PERSONAL LOAN out of 36 EMI repaid 35 on time..CC PAYMENT DUE AROUND 47000
5 KOTAK BANK, CREDIT CARD credit card due around 90000
6 DEUTSCHE BANK, CREDIT CARD & PERSONAL LOAN out of 48 months repaid 35 on time CC outstanding around 50000
7 BARCLAYS, CREDIT CARD & PERSONAL LOAN out of 60 months repaid 35 on time CC outstanding around 30000
8 CITI BANK, CREDIT CARD & PERSONAL LOAN Credit card loan 13 repaid on time 11149 /-EMI & Credit card out statnding 67000 &
9 CITI BANK, CREDIT CARD 2 nd card outstanding 70000
Please find the CIBIL REPORT as on till 25/05... without any negative or delay or late payments ..Ontime payments of all Credit cards also
Please find the Bank statement of Repayment done since 35 months without cheque returns... Clean Repayment...
My statements shows the intention to repay the loan, I repaid many loans since last 7 years.
I am having the TRACK RECORD of Repayment of 3 consumer loans also Since last December total clean bank statement since 78 months... 6 years 7 months...
There is a perfect bank statement record since last more than 7 years, It shows my sinciarity & ethical view to repay loan..That is only my goodwill my nett worth... Which only one thing I earned in my life, & which is now I am going to lose...
Consumer loan from Bajaj finance ltd. paid on time (COLOUR TV) with out any cheque return/with out any cheque bounces, no late payments
Personal Loann loan paid on time from Bajaj finance ltd... with out any cheque return/with out any cheque bounces, no late payments
Personal loan from CITI finance loan amount 24000 for 24 months 1500/ emi. with out any cheque return/with out any cheque bounces, no late payments...
Now for me I am not be able to find any way out, I am totally blind, I am not even in position to concentrate on my job as recovery calls are also started, harrasements, i am totally depressed, U may understand my situation, I am surrender myself & put down all my weapons. All my calculations are stops here, I am not found any path ahead, I am totally frustrated from my life, Now I cant obsurb this any more...
Kindly request you to please look in the case & do the favour for me & advise accordingly... Please provide the solution. Its a matter of my mistakes & expecting your symphothy & mercy & help... I will never come out of it if you all are not support me.
I am having only way that to screw up my life..Or you all suggest me the path..
Here I am declare my bankcrupcy. My whole life & my careeer is already spoiled...
I am mail this to all banks Seniors persons & expecting REPLY if possible for them...
Enclosed CIBIL REPORT & Bank statement from loan Repayment is done since last 35 months...
Brighter side of this case is the Repayment HISTORY OF 7 consecutive years, perfect bank track record & the darker side is unable to make payment to all banks..Un availability of funds. I am defeted... I lost everything..Begging your HELP..
Personal Loan Details
Name of the Bank. Loan Amount Loan A/c. Number Date TENOR EMI ROI Till date paid 1st EMI
DEATSCHE BANK 200000 200002670710019 09/07/07 48 5771 17.00% 35 (1 PENDING) 05/08/07
HDFC BANK 132000 11559850 05/07/07 36 4839 19.00% 35 (1 PENDING) 07/08/07
HSBC BANK 175000 030-283485-872 14/07 60 4540 19.00% 35 (25 PENDING) 10/08/07
BARCLAYS 201000 0000000-82637 60 5325 20.00% 35 (25 PENDING) 15/08/07
CENTURION BANK 141244 LOMP20020000522573 36 5001 16.50% 35 (1 PENDING) 10/08/07
ICICI BANK 125000 ICICI PL 36 4519 18.00% 35 (1 PENDING) 05/08/07
Loan taken to repay EMIs After 13 months
Citi bank creditcard loan 300000 CC LOAN 13 MONTH OLD 36 11149 20.00% 13 PAID (23 PENDING)
CITI Bank 5546 3796 5707 1013
TOTAL MONTHLY PAYMENT 41144
Credit Card History
Sr. No. Name of the Bank Credit Cards Issuance Date Limit Card Utilised CARD TYPE CALL NO.S Minimum
payment
1 BARCLAYS 4339 4837 7638 9019 06/07 06/10 30000 20000 VISA 60004444 2200
2 CITI Bank 5546 3796 5707 1013 07/08 06/11 68000 81000 Master card 28232484 14500
3 CITI Bank 4385 8799 2002 6006 06/09 05/12 SINCE 08 68000 57000 VISA 28344653 3700
4 ICICI BANK 5176 5370 9061 4007 03/07 03/11 102350 90000 Master card 28307777 4700
5 HDFC BANK 4346 7840 0006 7037 10/07 10/10 75000 47000 VISA 28324332 4500
6 KOTAK BANK 4166 4613 0027 3659 09/13 CRN #21892480 102000 88000 VISA 1800226022 5200
7 HSBC BANK 4384 5999 8256 9963 04/08 04/11 111000 41000 VISA 66600001 2800
8 DEATSCHE BANK 5268 6100 8229 4010 03/10 02/13 SINCE 02/07 68000 58437 Master card 66016601 3000
9 SBI 5264 6854 2413 4011 01/11 25000 18000 Master card 39020202 2000
TOTAL MIN .AMT MONTHLY 42600
(See attached file: Document2.doc)
Regards wtith Thanks,
ASHISH R. MEHTA
Mob. 93228 45007
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