My friend needed a TV and bought it using my documents in 2014. He promised to pay the installments but only managed three before stopping. I was in a tight spot financially back then and couldn’t cover the ₹20,000 EMI. My checks bounced, and for three years, I heard nothing from the lender. Now, they’re demanding ₹75,000 with interest, threatening police action and even got my number from my bank. I’m terrified. What can I do?

Apni Law
Apni Law
Law Forum › Category: Cheque Bounce › My friend needed a TV and bought it using my documents in 2014. He promised to pay the installments but only managed three before stopping. I was in a tight spot financially back then and couldn’t cover the ₹20,000 EMI. My checks bounced, and for three years, I heard nothing from the lender. Now, they’re demanding ₹75,000 with interest, threatening police action and even got my number from my bank. I’m terrified. What can I do?
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Apni Law Staff asked 5 months ago

My friend needed a TV and bought it using my documents in 2014. He promised to pay the installments but only managed three before stopping. I was in a tight spot financially back then and couldn’t cover the ₹20,000 EMI. My checks bounced, and for three years, I heard nothing from the lender. Now, they’re demanding ₹75,000 with interest, threatening police action and even got my number from my bank. I’m terrified. What can I do?

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Best Answer

Apni Law Staff answered 5 months ago

You can approach the lender and explain the situation. You can try negotiating a settlement, and they may agree to waive the interest. If they continue to threaten, you can consult a lawyer. You have the right to contest the debt and its recovery through legal means.

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