Lawsaysthat

🚨 Loan Default ≠ Criminal Offence 🚨

Missed your EMI? Defaulted on a personal loan?
The police cannot arrest you simply because you failed to repay a loan. Most loan defaults are civil disputes between the borrower and the bank.

However, if there are allegations of fraud, forgery, fake documents, or intentional financial deception involving large amounts, agencies like the Economic Offences Wing (EOW) may investigate.

🎥 In this video, I explain:
✅ Why police generally cannot interfere in loan default cases
✅ The difference between loan default and financial fraud
✅ What EOW is and when it gets involved
✅ Your legal rights as a borrower

Know the law before you panic.

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April 27, 2026 — In Hadapsar at 15 Number Chowk, a man was allegedly assaulted over credit card dues.

One question — since when did recovery mean violence?”

Constant calls. Threatening language. Showing up at your home.

And now… physical assault?

That’s not recovery. That’s illegal.

Yes, if you’ve taken a loan or used a credit card, repayment is your responsibility —
but recovery must happen within the law.

No recovery agent has the right to:

Threaten you
Physically harm you

Create a scene at your home or workplace

If this is happening to you — you are not wrong, the process is being misused.

Here’s the truth most people don’t know:

👉 A large number of loans can be legally settled
👉 Harassment can be legally stopped
👉 Your dignity is not collateral

People stay silent out of fear — and that’s exactly why these incidents keep happening.