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Date : Apr 4, 2009


sir, i have persnol loan. due to finicial problem. i cant make payment 4m last 3 month. if bank take legal action on me on postdated cheq which given 4 security. what problem i face in legal action its any serious... plz advise me


The bank can take legal action against you and file a case against by if you fail to pay your EMIs. Also your name will be listed in the defaulters list and you will not be able to get any loan or credit card in the future.



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