Do you think banks give their recovery agents too much liberty?



There are several cases of fraud and harassment by recovery agents. Do You think banks should take on more responsibility?

In one case a man called M S Khan (9579471605) calls up a customer impersonating the Bombay police and tells him a warrant has been issued for his arrest. The customer is directed to a lawyer Mr Sameer (9718087059) who asks for some amount as a settlement.

Even after this the customer recieves threat calls and many times the money issued for the settlement is sent to someone else’s account.

Do you think banks give their recovery agents too much liberty?
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One Reply to “Do you think banks give their recovery agents too much liberty?”

  1. When a bank turns over a debt to a collection agency, they do it for a fee and the collection agency becomes the entity you owe. There are laws, several new ones, that prevent the kind of harassment you are describing. Your friend needs to spend some time researching these laws and take the appropriate action. I wish him good luck.





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