Those of us who have heard and/or seen the bank’s recovery agents will only know how dreadful and demeaning it is to be accosted by them, either on phone or physically. Their voice and tenor is deliberately modulated to make you tremble in your knees. Their countenance, meant to put the fear of Yama -the god of death in you. That apart their lingos, adjectives and language would make gutter language appear musical. Even the female tele-callers of this breed are no better. Some pose of lawyers and others as cops with an arrest warrant in their hands ready to execute you at their will. All said and done, if you under stand how a recovery goon works and the law of the land, you will be able to handle the recovery agents properly and not succumb into paying extortionists amounts when the recovery agents comes calling.
A financial transaction is a civil contract between the creditor and the borrower. It can be enforced only by civil action after the dues have been adjudicated. There a re number of mechanisms for adjudication of dues between a borrower and a banker. The borrower should not hesitate to approach any of these forums well in time and not wait expecting the bank to have some humanitarian convulsions to settle your account properly. Not approaching the proper forums may result in disastrous consequences on many fronts, including the forum itself coming to the conclusion that the borrower has approached merely as an afterthought to ward off the recovery process. However, you can approach the legal forums even after the recovery agents have accosted you.
