Shaha Finlease Complaints & Reviews

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...