I am unable to pay the personal loans that i have taken from banks?

what to do it is impossible for me to pay the bank loans which i have taken from diffrent banks .I have no property right now,but i want to pay the loans but i will be not able to pay the intrests is it possible.I can only pay the principal ammount is any setllement with the bank is possible?

I am unable to pay the personal loans that i have taken from banks?

Though it would be not be prudent to suggest anything without going into details of your case specific, yet you may contact your bankers for an amicable re-scheduling or re-finance - the later being a very difficult option. Debt recovery tribunals/courts are very ruthless to defaulters these days.

I am unable to pay the personal loans that i have taken from banks?

BANK RUPTSEY is hard to deal with

I am unable to pay the personal loans that i have taken from banks?

They are going to want the whole amount.Try to schedule a payment schedule.

I am unable to pay the personal loans that i have taken from banks?

Banks would never accept principal payments only. They might accept interest only payments, but it sound like you cannot even do that. Your best bet is to call them right away and explain the situation and how you intend to get out of it.

I am unable to pay the personal loans that i have taken from banks?

Speak with the banks and work out a repayment plan that you can afford.

I am unable to pay the personal loans that i have taken from banks?

BEFORE YOU GO ANY FURTHER PLEASE CONTACT OR GO TO THE BANK AND ASK TO TALK TO LOAN PERSON.YOU MUST MAKE THAT EFFORT TO SHOW THAT YOU ARE NOT A DEAD BEAT RENIGING ON YOUR LOANS.THEY MAY LET YOU FOR A FEW MONTHS JUST PAY THE PRINCIPLES BUT I DOUBT THEY WILL LET REPAY THE WHOLE LOAN THAT WAY .ASK ABOUT A CONSOLIDATION LOAN,COULD BE CHEAPER IN THE LONG RUN.GOOD LUCK

I am unable to pay the personal loans that i have taken from banks?

You have very few alternatives. There is the possibility of declaring bankruptcy, but you haven't given enough info to see if your are qualified. Besides, bankruptcy should be the last consideration. You could try some debt consolidation loan and the last is to sit down with each bank seperately and see what you could negotiate with them. Banks are willing to talk with you. They don't like litigation, it cost them money.

I am unable to pay the personal loans that i have taken from banks?

would you be able to contact a credit counseling compant and have them work with the bank to work out a plan

I am unable to pay the personal loans that i have taken from banks?

it's the banks money,let them worry about it.If you have nothing, too bad,they can't get blood from a stone.Just as long as you told them the truth in your loan applications,they cannot accuse you of fraud.The banks write off hundreds of millions every year,so your loans are just a p**s in the ocean.If you insist on paying,then make them a reasonable offer,if they refuse,they will have to justify their refusal if it came to court.Above all,don't worry,it's not worth it.

I am unable to pay the personal loans that i have taken from banks?

I am sorry to hear about your financial strain. It is one of the most challenging things you can face. I would hate for you to have to file bankruptcy - that is a tough roe to tow and it is not at all as easy as it sounds especially since the laws regarding bankruptcies have been changed.

You need a plan. The first thing I would suggest you do is get a second and third job to help make the payments. Then, call the lenders to make arrangements to pay what you can. In other words, do all that you can and after you have done all that you can just let it go. I mean it is not going to help you to worry yourself sick about it. So, just do the absolute best that you can and then follow follow the plan through.

Best of luck to you. I know from personal experience how weary financial issues can be and you have my sympathy.

I am unable to pay the personal loans that i have taken from banks?

When you do not have any property, how they have given you loans that too from different banks,may be on salary basis. Do you have responsibilities or u are in the habit of taking loans and spending easily. If that is the case then stop immediately, otherwise, you will be in soup. Live according to earning do not go for which is beyond your capacity,which is a bad habit.

I am unable to pay the personal loans that i have taken from banks?

Friend,

Before borrowing anything, we should consider our repaying credibility/source/strength/assets/liabi... welfare/medical needs and any unforeseen circumstances.

Past is past.

Now try to over come the situation and present crisis.

Instead of answering to varied payment due banks, Consolidate your all loans to one particular source of finance.

Transfer mutually your liabilities to that, and on amicable understanding.

Dont further damge your credibility.

If nothing works to your favour, surrender yourself to your borrowers and seek humanitarian mercy.

At any given point, do not put your family/dependents to penury.

Wish you a prosperous turn-over tide.

I am unable to pay the personal loans that i have taken from banks?

YOU MAY APPROACH THE BANK FOR %26quot;COMPROMISE SETTLEMENT%26quot; ,but before that you have to convince the bank about your actual position and your willingness to pay the principal amount.Bank, if convinced, may refer the matter to higher authority for their approval.However ,Bank to Bank the procedure differs . what ever may be, you may approach the Bank , rest depends on their policy / procedure.

I am unable to pay the personal loans that i have taken from banks?

Hi Aditya, I know u are in financial crisis. You might be paying high interest rates on your loan %26amp; now since you are not able to pay it, bank will be charging you heavily.

But u are the only person who can solve this issue. And I belive you will do this. so have confidence in you.

Try to talk with your bank

if no solutions comes out, search for other options.

if you are working in a good company try to get a loan from other bank.

As your name suggest you are an INDIAN, if you are in India right now better to take loan from Nationalize banks.

There are be less charges and easy payment options.

Best wishes.