Shaha Finlease Complaints & Reviews

I had a card no [protected] with Standard Chartered Bank in the year 2001 and I had used a amount of 21000 for my sister in laws treatment and she eventually passed away. I lost my job and was in a bad situation financially and could not pay up the dues on time.
Then I was approached by a person by the name of Datta Pansare from Standard Chartered Bank and was offered a settlement for 15000Rs.

I paid Rs15000 cash to Datta Pansare in three installments and he had offered me a letter of settlement and told me that the card was now closed and I do not owe anything to the Bank.

I never got any statement or any notice from the Bank after that, and suddenly Shaha Finlease called me up first in December 2010 and then again kept calling all the time saying I owe money to Shaha Finlease as Standard Chartered Bank has sold my account to them and the amount I need to pay is Rs569878.

I was shocked to hear this and I told them that it was already settled in 2001 and they said that it was not possible and asked me to produce the letter. I have misplaced the letter as it has been more then 10 years since I closed the account with them.

They also alleged that a lot of cheques issued by me had bounced and when I asked them to produce the proof they refused. They then approached me to settle the account for 15000Rs vide letter no PU6310 dated 26th July 2011 and then I paid the amount to them in three installments as agreed upon and they had promised to get my name of the Cibil records.

After making this payment they are refusing to remove my name from the Cibil Records which is illegal and should be looked upon as I am not getting any loan from any Bank due to this. Please solve this issue for me at the earliest as I am urgent need of a Loan.

I was promised that this will close the account by a lady called Sarika and now after I have made all the payments she is completely denying the fact. This is very unfair that they have put up a exorbitant amount of 5laks plus on my Cibil without even intimating me about the same.

Standard Chartered Bank never bothered to send me a letter that they have sold my account to Shaha.

They never sent me any communications since the last ten years so this is totally illegal.

Respected Sir,

I had a Credit Card with Standard Chartered Bank in the year 2002 and then I had actually paid it off in the same year. There was since then no contact from Standard Chartered Bank till 2010. I got a call from one Shaha Finlease claiming that they have purchased my account from Standard Chartered Bank and they also illegally put a exorbitant amount of % lacks plus on my cibil records. They then insisted that...

Hi,

I had been followed up by Shaha Finlease for a standard chartered bank credit card with number ([protected]) for a settlement amount of rs 25000/- and and which I settlement by making a payment of the same amount online to the online account provided by Shaha finlease. When the representative(Ramya) talked to me towards the settlement, she had informed that Settlement letter and No due certificate would be issued from Shaha Finlease immediately once the payment is done.

Now its past two weeks that Shaha Finlease is not sending the NDC and now when I had called them they are asking for another 20000 for issuing Nodue certificate and also to update the cibil status properly.

Due to this, I confirm that Shaha finlease is a fraud company buying the accounts from banks for 1% of the face value of the credit amount and trying to collect huge amount from customers.

This mistake happened with the bank by not issuing the proper statements and demanding huge amount of money in favor of interest and late payment fees.

Friends, be aware with this company before making any payment directly with them. Don't trust them, they are frauds.

I am in need of an advocate who can deal this type of cases against the non-registered financial institution.

Please advice.

Regards,
Patil

hi this is jaiganesh staying in bangalore, i was really happy by closing my accounts, i had took a credit card from standard charted bank in the year of 2002, after few years i forgot making the payment, and when i applied a loan before 8 months they said your account is into some cibil so we cant offer the loan, and before 2 months i had received a call from chennai from [protected] and the guy Mr.Prabhakaran had spoken with me informing the outstanding details of my card and a way to close that, as per his instruction i had made the payment to Shaha Finlease Pvt Ltd and he had sent the scanned copy of the settlement letter before i make it, also i had received the No Due Certificate in next ten days after i clear the payment, he had informed me that will clear the account from cibil also, and before 2 months when i asked for a loan the bank had provided me, so am really happy speaking with Shaha Finlease peoples

I had subscribed to CIBIL report in the month of Mar '11 and I am surprised to see one credit card information stated in my account which does not belongs to me.

The information reads as Credit card from SHAHA and opened on[protected] and last payment on[protected] and status as Written off. The amount over due is shown as Rs 4,63,478.00. I had never taken a credit card from SHAHA/Standard Chartered Bank and had it written...

Hi,
I had a Standard Chartered credit card in number [protected]. The outstanding balance of the card was trasnferred to SHAHA Finlease Pvt Ltd by Standard Chartered in 2010. SHAHA Finlease Pvt Ltd issued me account closure offer in which they mentioned that on payment of Rs 31834.50 they will close my account and provide me a no dues certificate and update cibil accordingly. Accordingly I paid that amount and even got the...