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Loan Defaulters Rights In Telugu - How To Protect From Loan Recovery Agents? | Kowshik Maridi
Loan recovery agents are those people who are employed by the bank to recover the loans that have been defaulted. They will call you on the phone, send you letters or even show up at your doorstep to collect your money.
The problem with this is that many borrowers don't read the contract before they sign it. This leaves them vulnerable to predatory lenders who want as much money as possible from their clients. Loan recovery agents are hired by these predatory lenders in order to collect on their loans, which can be quite stressful for borrowers who have already been struggling with paying back their debts.
In order to protect yourself from these loan recovery agents, you should be aware of their tactics and rights. In this video, Kowshik is going to explain in detail.
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