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What shall i do to save life of my family from foreign debt collector in india, hyderabad? Dear Someone, pleas?

  • What shall i do to save life of my family from foreign debt collector in india, hyderabad? Dear Someone, please help me. This is Sandhya from hyderabad, my husband Venu gopal, actually took some personal loan with two banks while he was working in Abu Dhabi,UAE. one was Citi Bank & other was Emirates Bank this happened in the year 2008, when economy was on boom and banks forcefully offered personal loan of 16lakhs to my husband, the same amount he invested in Abu Dhabi for real estate business..... from the year 2009 recession started and he suffered very very very heavy loss in the business.... and finally we lost everything..... till the year 2009 he paid very promptly the monthly emi's towards the loan to this bank... later in late 2009 he lost his job as the company in which he was working closed down.... with a great difficulty he managed to come back to india, as banks there in Abu dhabi dont want to know any reason for his non payment of Emi's and was constantly tourchering him Mentally and troubling him to the extreme extent to pay back. and when he arrived he was crying and telling me that after several weeks he is able to breath freely and that day after several weeks he ate something, as his stay in Abu Dhabi was worst that of Wild animals and he was under EXTREME MENTAL AND PHYSICAL DIFFICULTY CAUSED BY THESE BANKS. now after coming back, the real problem started... those two banks who offered loan to my husband has appointed local recovery agents here in hyderabad.... every day these agents call and trouble us atleast 12-15 times a day by phone call and uses all types of black mail. also almost every alternate day there recovery agent comes to our house and make a big Tamasha in front of our house..... We said him very clearly that today we dont have a penny to pay them, but they dont bother and just want money.... Condition is sooooooo bad that my husband is now lost his hope and now he always stays in Greatest Depression and always tells me that he wants to commit suicide.... as what we earn here in india is hardly enough for us to feed ourself, how can we pay the bank loans, which we have taken in Abu Dhbai.... we also told this recovery agents that look our monthly income is hardly 7-8thousand, from this we can spare about 800 to 1000 rupees per month. we told them pls accept this money every month till their due is finally re paid. This people are making more problems to us saying that our loan outstanding interest itself is more than Rs.6000 per month and he says what shall he do with rs. 1000 if the only interest being added to our dues is more than Rs.6000. We told than that we will go to court and approach police, but some people advised us that if we approach police or go to court, the banks in Abu Dhabi will issue interpole warrant and they will arrest my husband from india and take him to Abu Dhbai so that they can put him in jail, and if interpole come to arrest even india cannot do anything. Please somebody suggest us what shall we do in this situation... life has become worst than hell for us in our own country. please i beg someone kindly give me some suggestion.

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    LOL

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It's your husband's fault he borrowed more than he could afford, and invested it badly. He should have repaid the loans from his earnings on his Abu Dhabi job. Now it's up to you two to repay that debt. Nobody is going to help you. They often have enough trouble taking care of themselves, so why should they pay for your husband's foolishness? Slash your expenses, take on two jobs each if you have to, and pay everything you owe. If hubby carries out his threat, unless you cosigned any loans, the lenders can claim against his estate, but remaining debt dies with him. You'll have nothing, but you can start supporting yourself from scratch without the debt load. On the other hand, if you cosigned anything, he'd be dumping the entire mess in your lap. Or perhaps this is not really a genuine threat, but a pity-ploy to weasel money out of others?

ibu guru

Rob a bank!

RETUSAF

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