[Resolved]  Bajaj Finance Bangalore — Harassing people for manipulation of his own account

Bajaj Finance: I had taken a consumer loan with Bajaj Finance and I was paying a monthly installment of Rs.5,000/- a year after the completion of payment, one fine day people from Bajaj finance woke up and calls me and tells me that one of my cheque has bounced and I will have to pay a sum of Rs.5000/-. As the account is old I do not have any records of the same so I told Bajaj that to bring me the bounced cheque and I will pay the money due. Other than calling me and threatening me time and now of the consequence of going to court they till date they have nether gone to court of, brought back the cheque to me. Instead they have listed my name in the defaulters list.

On[protected] they send me a message saying “Reminder for the legal notice issued on 10-Nov 09 for outstanding in your loan[protected] pay immediately to avoid legal proceedings, Contact [protected]”

Consumer loans are given with postdated cheques, They claim that one of my cheque is bounced the simplest way to solve the problem is bring my cheque back and collect the payment. I have told them a hundred times. My creditability is more important than just Rs.5000/-, but if every one ignores such instance banks will start taking every one for a ride, I will fight till the end.

Information systems of Indian banks and some corporate lack Security, Integrity and Authenticity whereby hindering the creditability, privacy and anonymity of ignorant public.

Reasons why they take advantage of customers.
• Human errors are diverted to innocent customers
• Misappropriation of accounts for personal benefit
• Tallying of corporate balance sheets grading customers as defaulters into suspense account.

MOHAN R
[protected]@hotmail.com