Loan harrasment and threats
Hi everyone,
I'm 27M and I lost my job last month. Since then, I've been going through a difficult financial situation.
While I was employed, I had taken a few personal loans from online lending platforms such as KreditBee, Kissht, Chinmay Finlease, LendingPlate, and a couple of others. I was repaying all my EMIs on time without any issues.
Now that I'm unemployed and currently have no source of income, I'm unable to pay this month's EMIs. My total monthly EMI is around ₹17,000 (or slightly less), and no individual EMI is more than ₹5,000.
I've tried explaining my situation to the lenders and requested some time, but they keep calling repeatedly and threatening that recovery agents will visit my home if I don't make the payment. It's becoming extremely stressful.
I have a Full & Final (F&F) settlement from my previous employer that I expect to receive next month. Once I receive it, I fully intend to clear my pending dues. I'm not trying to avoid repayment—I just need about a month's time.
My questions are:
- Do these online loan companies actually send people to your home for overdue amounts as low as ₹2,000–₹5,000?
- Has anyone here been in a similar situation?
- What's the best way to handle the constant calls and get a month's breathing room until I receive my F&F?
Any advice or personal experiences would be greatly appreciated. Thank you.