The ₹5 Lakh Nightmare: a Bank's GREED?
This is my story, about HOW despite a strong credit score(766), a bank’s greed driven actions have unreasonably labelled me "defaulter" leading to over 112 loan rejections. This is a story of a promise broken, a system that fails the common person, and a battle for justice that may need to become public to be resolved.
The Story in 3 Simple Acts
Act 1: The Promise of a Clean Slate
Bank offer settlement of 12k but I pay *full outstanding amount* of ₹29,626.37. Bcoz bank’s letter says "to have clear credit record" "needs to be paid fully" so i paid full.
Act 2: The Betrayal of a Damaging Status
Instead of a clean record, my credit report was updated to "Post Write-Off Closed." All reputed Bank's and NBFC's loan systems see this sever default and rejects me instantly. This is the TRAP.
Act 3: The ₹5 Lakh Demand
To free the trap additional ₹5.33 Lakhs only, a special fee "Total Value Loss" to be paid only if i wish to 'clear' the lifetime "defaulter" tag/label. Bank clarifies no dues, NOC issued, pay this only if I wish to. Fair or Greed? or SCAM maybe?
The Hard Numbers & Real Impact
112 Loan Rejections
Despite a healthy CIBIL score of 766, every loan application is being rejected because of the "Post Write-Off Closed" status.
555% Interest Rates
Forced to take predatory micro-loans just to keep my business running and support my family.
11 Livelihoods at Risk
My small business, which supports a team of women, is facing destruction due to the bank's actions.
Clear Documentation
I have bank letters, payment proofs, and a "No Dues Certificate" that all confirm the full payment was made.
A Fair Chance, until?
Using public space may be the only chance of exposing injustice. We are holding back offering a fair chance to rectify, because my experience may be just a case of system fatigue probable in large organizations, that may be cleared once TOP management is involved. So the CEO/MD desk is updated with every detailand being followed up.
The clock is ticking, if the top management fails to take corrective and preventive measure, this page will adapt suitable measures to seek auccountability empowered with public pressure.
AXISSOS.live shall offer tools to share and consolidate similar injustices, including ones from past and collectively appeal with regulatory bodies seeking justice.