Hi,
I had bought a LG LCD TV a couple of months back and had taken a 0% interest loan from Bajaj finance. I had clearly mentioned that my salary gets credited on the 7th of every month and so, I wanted the post-dated cheques to be dated 7th or later. But, inspite of giving clear instructions, the cheques are being deposited on the 5th of every month and I have got 3 cheque bounces so far. The first time an agent came and collected the amount.. the 2nd time, I went to the company and gave a formal complaint and asked them why they put the cheque every 5th and they told me that they changed their policy and all future loans will have to paid before 5th. The guy there said that he will try to do something about it. I also told him that I have another consumer loan coming in every 10th (again from Bajaj finance for a LG Fridge loan) and that it never bounces since my salary would have been credited then. I managed to somehow put some money in my account so that the cheque doesnt bounce this time, but unfortunately, the EMI cheque came the same day when my money got credited and so it bounced again. I really do not know how to manage this situation now since I do not have extra money to keep my account funded before 5th of every month.
Please let me know how to proceed.
Thanks,
Ravi
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