Loan Guarantor Risk — What You’re Really Signing Up For
Being asked to stand guarantor for a relative’s or friend’s loan is often presented as “just a formality”. Legally, it isn’t. Once you sign, you…
Tag: Loan Defaults
Cheque Bounce & Section 138 — What Actually Happens, Step by Step
A common belief is that cheque bounce “has been decriminalised”. It hasn’t. Proposals to decriminalise minor economic offences have come and gone, including the Jan…
RBI Phone Lock Rules for Loan Defaulters — Final Norms Effective January 1, 2027
Learn about the RBI’s 2026 proposal to allow banks to remotely lock financed mobile phones in case of loan defaults. Discover the strict safeguards, borrower rights, and which phone functions can never be restricted.