What happens if you dont pay Mpokket money?
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What happens if you dont pay Mpokket money?
In case the loan is not repaid within the repayment period, a penalty gets added. We can say, if the loan is not paid within the repayment period, a higher penal rate of interest will apply until the loan is repaid.” So, avail the loan only if you are in position to repay it on time.
What happens if I dont pay Mpokket loan Quora?
Hefty Penalty: In case of default, you will have to pay a big penalty over & above the principal and interest amount for every day of your default on your payment. No Big Loans: You will automatically become ineligible for availing instant Personal Loans of a higher value in the future from KreditBee.
Is Mpokket legal or illegal in India?
Mpokket is illegal | Consumer Complaints Court.
How do I take legal action against mPokket?
How to resolve complaint against Mpokket
- File a Complaint.
- Notify Brand.
- Start Social Campaign.
- Send Legal Notice.
- Prepare Consumer Forum Case.
- Hire Lawyer to file Consumer Forum Case (New)
How do I take legal action against Mpokket?
Is Mpokket legal company?
MPOKKET FINANCIAL SERVICES PRIVATE LIMITED is a Private incorporated on 26-07-2019. It is classified as a Non-govt company and is registered at ROC – KOLKATA. Their state of registration is West Bengal.
Is mPokket legal company?
What happens if you don’t pay your personal loans?
When you do not pay your personal loans, they can take legal action against you. First, they will try to collect the debt through an internal collection department. Then they will usually turn it over to a collection agency that will attempt to collect the debt. If that does not work, they will sue you in civil court for the money.
What to do if you have an issue with mpokket?
Use Voxya to connect to the right person in Mpokket to resolve your issue quickly. Hundreds of companies are already registered at our platform and actively resolving customer issues. Take legal action by sending legal notice and filing a case in the consumer forum. Our large network of experienced & verified lawyers are available to help.
Can I get a refund for mpokket services?
If you have an issue with the Mpokket services, you could be entitled to a refund. The Consumer Protection Act, 2019 provides below rights to the consumers: i. Information about the quantity, quality, purity, potency, price, and standard of goods or services. ii. Protection from hazardous goods and services. iii.
Can a personal loan be repossessed?
Personal loans can be a little bit different because of the nature of the loan. They are usually just based on your credit and are therefore not secured by any particular piece of property. As a result, they cannot repossess anything like they can with an auto loan, or a mortgage.