Replying To Demand Letter

Hi ****! I can provide some general information on how to reply to a demand letter for a loan. Here's what you should consider:
- Acknowledge Receipt: Mention that you received the demand letter.
- State Your Position: Clearly state whether you agree or disagree with the demand.
- Provide Evidence: If you disagree, provide supporting documents or evidence.
- Propose a Solution: Suggest a repayment plan if you are unable to pay in full immediately.
- Request Documentation: If necessary, ask for additional documentation or clarification.
Would you like more detailed information on any of these points?

Sure, ****. Please go ahead and upload the demand letter, and I'll help you draft a reply accordingly.

Case Rating: *
Sure, ****. Here’s a draft reply to the demand letter you received:
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**** Pardhi
BANKASAHI KINURA Y COLONY
BHADRAK RURAL, ORISSA *
[Date]
Sagar Aggarwal, Advocate
One MobiKwik Systems Limited
Unit *, Block B, Pegasus One, Golf Course Road,
DLF Phase *, Sector *, Gurugram, Haryana *
Subject: Response to Legal Demand Notice for Overdue Amount of INR *,*/-
Dear Mr. Aggarwal,
I acknowledge receipt of your legal demand notice dated *-Jan-* regarding the loan account no. *.
I am aware of the overdue amount of INR *,*/-. Due to unforeseen financial difficulties, I was unable to make timely payments. I apologize for the inconvenience caused.
I propose to clear the overdue amount by making regular monthly installments starting from [propose date]. I am committed to repaying the loan and request your consideration to avoid any legal proceedings.
Please let me know if this repayment plan is acceptable or if further documentation is required.
Thank you for your understanding.
Sincerely,
**** Pardhi
[Email Address]
[Phone Number]
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Would you like to make any adjustments or include additional details?

Case Rating: *
Yes, the drafted reply appears to be complete and covers the necessary points. However, ensure that you provide your email address and phone number where indicated.

Case Rating: *
If a notice is not delivered due to an incorrect address, the sender may attempt alternative methods of service, such as personal delivery or publication. Failure to respond to the notice may still result in legal action. It's crucial to update your address with the lender to avoid missing important communications.
Would you like any further assistance on this matter?

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I understand your concern about harassment by recovery agents. However, not updating your address could result in missing crucial legal communications, which may lead to a case being filed against you.
Here are a few things you can do:
*. Consider sending any responses via registered mail to ensure they are received.
*. Document every instance of harassment and consider reporting it to the police.
*. Reach out to the recovery agency in writing to request that all communication be done in writing to avoid harassment.
Would you like more detailed information on any of these points?

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I understand your concern. To avoid revealing your current address, you could use a P.O. Box for correspondence and ensure that all communications are documented. This way, you can still receive important legal notices without disclosing your exact location.
Do you need assistance on how to set up a P.O. Box or any other related matter?

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To set up a P.O. Box in Delhi:
*. Visit your nearest post office.
*. Fill out the application form and provide ID proof.
*. Pay the required fee.
Alternative: Use a friend or family member's address with their permission.
Would you like more details on any of these steps?

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The charges for a P.O. Box in Delhi can vary depending on the size and duration. On average, the charges are as follows:
- Small Box: ₹* per quarter
- Medium Box: ₹* per quarter
- Large Box: ₹* per quarter
Would you like more information on setting up a P.O. Box?