Consumer Loan for a LCD TV

Location/place: Ghaziabad/Indirapuram

Name of company/service: Future Capital Holdings

Hi,

I had taken a consumer loan through Future Capital to buy a Sony LCD worth Rs. 34900 in April last year and had chosen for the option of ECS for the EMI to be deducted for the rest of theEMI’s. However the first one went out and after that the real problem had started.

The company did not send the ECS mandate form to the bank and the emi started to bounce after the first emi had been completed.

After 90 days of the bouncing of the EMI’s the company sent my name to CIBIL where there was no fault of mine and I had completed all the documentation with the company in the initial stages of the purchase.

After continous follow ups on the toll free number provided and emails the company officials asked me all the time to got to the bank and submit the ECS form.

Now they approached me for the settlement and started creating pressure on me to pay 14000 as a settlement amount.

I had told them that I don’t have the amount at that time and they need to come next month but they called me all month asking me and pushing me all the time to make part payments.

They printed the letter of the settlement without my consent and came to my relatives house to ask for the money when I had told them not to approach there.

After all the pressure I has to arrange 7000 for them and gave it to them on June 30, 2012.

I need justice and I want to file the case of mental harrasment and compensation on them and get my name cleared from CIBIL immediately.

Thanks,
Shubham