How can a borrower have a clear cibil rating- here is the answer-dr.b.n.soans

**brian nathaniel soans** · 06-23-2011, 08:00 AM

What is the differance between WAIVED OFF Settlement and ONE TIME settlement.

It is well known fact to run a business of banking in India A bank remitts Rs.300 crore as safety deposit remittance at RBI.
Of which 74% is Government equity - in form of depositries of public at the bank and the remaining 26% is raised as under private equity funds raised from share market in the form of share holdings.

The lending cash by the BANK is from such depositries of which 74% of lending is insured lending. 26% is uninsured.

Now when a borrower from the particular bank borrows a sum of Rs.1 lakh He is entitled to pay a nominal interest to the bank which is inturn the income generator for the bank.
After all BANKERS are Traders in Monies like any other trader in any other Product.
Banks can thus impose on the borrower a nominal sum of Interest - as under classified in compliance with the INTEREST Regulations laid down by the RBI.

Technicalities: Most of the Nationalised banks follow the Interest Regulatory and charge accordingly. However few of Private Banks dont follow the Interest Regulations and overule the same by internal Governance of the Board of Directors who make the banks individual policies and then submitt and Activate the same with RBI.

Reason for Loan defaults:
The reason for a borrower defaulting a loan or a credit card payment are categrosied into 2 kinds. 1. willfull defaulter . 2. Circumstantial Defaulters.
The highest are Circumstantial defaulters who have succumbed to the high burden of interest leived on their loans,credit cards and other libailities.

It is a known fact that 4% of excess interest rates charged by these Private Banks goes into commissioning forced recovery which is illegal by law.
This forcefull default makes the aldready burdened defaulter get harrassed further and many of the loan defaulters turn to be unable to pay their dues.

Tactics used by Banks to recover such BAD DEBTS.
1st and foremost most private banks are themselves responsible for creation of BAD debts as their policy failure has created such Bad debtors.
Banks use a policy to convince the Grevied consumer herin the borrower to make a payment of OTS or what is known as ONE TIME SETTLEMENT.
For ex: If a borrower has borrowed 1lakh the bank and its representatives instruct the borrower to default 3 or 4 installments , write to their Board that the borrower is unable to pay. However the borrower is unaware by not paying the installments they are automatically classified as a DEFAULTER . This kind of advice by bank executives spoils the CREDIT Rating of the Borrower.

2: Once the board of the bank approves the settlement offer: The executives convince the borrower to pay 55% of the due loan. The borrower who has taken 1 lakh has aldready paid a High Rate of Interest - as the private banks have earlier overshot the interest rates.
Now to avoid harrasssment the borrower pays up 50% or 55% of the loan and settles the mater at Rs.55,000.

3. The banks recieve 55,000 and show the remaining dues of 45,000 in their books of audits as losses incurred in the particular borrowers account and try to claim the amount under the RBI- Credit allowance scheme at the end of each Qauter and get some amount sanctioned-released by RBI as a buffer.

The status of the Borrower who opts for such OTS - unaware of the internal technicalities involved hereby not only is classified DEFAULTER at CIBIL but also is considered as Defaulter at RBI.
This denies the Borrower - loans from natinalised as well as Private Banks.

REMEDY :
1st of all when a consumer borrows money from a Private BANK or any bank for that instance should take the loan only after understanding all the terms and conditions of the Loan. He/she should maintain a record of the loan file right from the loan agreement , monthly statements .
If any discrepency is noted at some point of time by any of the party: borrower or the lender
the same should be reported to eachother by WRIT.
If the matters stands unresolved : the borrower can opt for a WAIVED OFF settlement with the lending bank.
A waived off settlement is differant from One Time Settlement.
If any bank arrives upon a waived off settlement proceeding with the borrower - on settlement of payment by the borrower under WAIVED OFF settlement., the BANK reserves no right to display the borrowers name as defaulter. Nor does the Bank have right to claim any amount - stating losses from RBI.

For borrowers who are aldready stuck with wrong CIBIL records because of falling prey to OTS - Offers by lending banks .
Procedure to follow:
Your settlement letter can be sent to us .
Allied Law shall by writ - under banking techno legal laws- under Information Technology act-2000 and also valid under ARBITRATION-ADJUDICATION Laws of Banking in India
shall address the wrongfull - onesided baised display of defaulter status at CIBIL.

In todays days of banking - CIBIL has become a blackmailing medium for many a banks to extract more amounts in the name of clearing the name of a borrower from defaulter status.
Even after the borrower has paid an OTS many banks utilise CIBIL to update them as defaulters at CIBIL in order to sqeese and extract money from the borrower who has aldready settled more than 505 of dues falling aprey to OTS offers.

If any banker offers OTS ., IT SHOULD BE TREATED AS WILLINGNESS TO CLOSE RECORDS OF LIABILITY : BY both concerned parties BORROWER as well as the Lending BANKER.
An OTS CANNOT BE ONESIDED.

Finally instead of offering OTS - Banks can offer WAIVED OFF settlement which releases the borrowers liabilty from the lending bank as WHOLE.

CONSUMERS AFFECTED from OTS SETTLEMENTS and their names stiil reflecting at CIBIL can write to AlliedLaw which will help the borrower attain a Resolution-clearance status.
A borrower who has a RC status can avail loans from other banks on acheieving the RC Status.

When a bank gives a borrower waived off status or when a borrower achieves an RC Status
the banks cannot hold the borrower responsible after settling liability.

WRITE TO : DR.B.N.SOANS

AT : alliedlawmumbai@yahoo.in,alliedlawba...ennai@yahoo.in

call: 09245201687

**dijendra.singh** · 06-29-2011, 01:06 PM

FRAUD AND WASTE LAWYER
hELLO Friends...

ALLIED LAW INC... headed by Mr. Brian natha niel soans also known as B N SOANS also sometime refer himself as Dr. b n soan he is complete fraud , he says that while sitting at his place at coonoor tamilnadu he will handle all credit card cases of india but its truly false he dont know anything and talks very big unheard stories which again is fake...he just want to fool the ignorant customers and to those who are in trouble to get out of this banks from where they took credit cards.. he knows well all individual will pay minimum Rs.3000 or less just to get rid of this kind of card or loan mess...so simply he take advantage and at last bring the option of settlement which anybody can do individually with the banks....
Kindly call if any fall under this fraud lawyer and to get the maximum exposure...

REET 9738599166

**brian nathaniel soans** · 07-01-2011, 11:45 PM

It is of great and immense help that our clientale at BANGALORE have sent this posting as stated as damaging - defamatory information by one DIJENDRA SINGH - A BLACKMAILER or a protegue of some recovery agents at BANGALORE who have actually failed in their acts to curb the good work of ALLIED LAW in bangalore and other cities in INDIA
Action was initiated by cyber crime department and this person has faced sufficient investigation for his illegal acts.

He is a close friend of HDFC DIRECT CUSTOMER EXECUTIVE in Bangalore who was got to us in the forefront
as a prospective client.
He was projected and sent to us as a consumer in March 2011 this year.
The ulterior motives unknown and on investigation was found as an attempt by some recovery agents of HDFC
who were affected by Alliedlaw stern action against forcefull recovery by agents had used DIJENDRA Singh as a
forefront PROTEGUE to create a comotion that Allied LAW even takes money for undertaking false created cases.
AlliedLaw works on integrity more than money. Money is not our criteria at all.
Justification:

The reason being DIJENDRA Singh is himself a defaulter- whether created and presented as defaulter woth falsified data
too good to be beliviable by any lay person as true. But the Research and Analysis - Dept of finance detected the created and
presented true to belive fraud as FRAUD .
This person had paid a sum of Rs.4000 not Rs.3,000/- ( NOT ACCEPTED -DENIED) but for conducting falsified arbitration.
It is true that we at Allied Law undertook his case - but when we found the ulterior motive had stopped any proceedings.
Documents and attachments - 21 enclosured document of data is available for Solid PROOF as evidence.
But in all legal business - it is the consumer who gives the correct and genuine document to his lawyer.
When consumer gives altered and fraud created document to the lawyer and when the legal department on verification
finds all details as fraud - has LEGAL RIGHT to dismiss such cases .The same was done in this matter.
The projected consumer DIJENDRA Singh is a paid servant of some DIRECT Customer Associate and is basically
identified to be from NORTH EASTERN INDIA residing in Bangalore.

ALLIED LAW is very very clear however much a client pays - we dont deal with fraudulantly created and presented cases.
AlliedLaw being well established doesnt require such illgotten amounts for committing wrongfull practises in
BANKING LAWS.
Thus the matter of FRAUD of Dijendra Singh and his ulterior motives were rejected by us . This is the reason for DIJENDRA Singh to
come up with such wrongfull display.

ALLIEDLAW had taken up this matter in March 2011 and the following person has accepted fault and requested by draft
not to take any actionagainst him. Still it is unfortunate such indecisive and destructive minds invvolve in such misleading
and canniving activities.
Allied law feels that such matters shouldnt be given importance- as anti social elements like this who are jobless and their minds
as good as devils workshops indulge in such cheap publicity.
This activities doesnt affect or create any problem to ALLIEDLAW .

There were couple of other attempts by some other recovery agent team of banks who had also vainly crated 2 such protegues
in Bangalore TO CURB THE GOOD WORKS OF ALLIED LAW.
BY GRACE OF GOD ALMIGHTY - IN THE BEST INTEREST OF JUSTICE and due to cooperation of many of genuinely helped
clientale we are here to stay .We have faced such storms and are ready to face such storms in future.
We cant stop ill minds and persons with ulterior motives from indulging in such misleading posts.

It has to be understood that as human beings we are not here to JUDGE anyperson.
Each individual is responsibe for his consience and his actions.
AlliedLaw cannot sell its integrity for monies and in future also will curb such people who come with amounts
to bribe officials at ALLIEDLAW with ulterior requests to cheat any individual or a financial institution.

FOR DOCUMENTRY EVIDENCE ON THIS MATTER: WHICH PROVES THE ABOVE CLAIM of
DIJENDRA SINGH TO BE TOTALLY FALSE - WITH CONFESSION OF CRIME
WRITE TO:
DR.B.N.Soans spelt correctly : brian nathaniel soans
ALLIED LAW INC.
MUMBAI
HO:MUMBAI : CORPORATE MANAGEMENTS AT CHENNAI- BANGALORE-COIMBATORE

Email: alliedlawmumbai@yahoo.in

CALL: 09245201687 - 09245809644 - 09585323717

Originally Posted by dijendra.singh

FRAUD AND WASTE LAWYER
hELLO Friends...

ALLIED LAW INC... headed by Mr. Brian natha niel soans also known as B N SOANS also sometime refer himself as Dr. b n soan he is complete fraud , he says that while sitting at his place at coonoor tamilnadu he will handle all credit card cases of india but its truly false he dont know anything and talks very big unheard stories which again is fake...he just want to fool the ignorant customers and to those who are in trouble to get out of this banks from where they took credit cards.. he knows well all individual will pay minimum Rs.3000 or less just to get rid of this kind of card or loan mess...so simply he take advantage and at last bring the option of settlement which anybody can do individually with the banks....
Kindly call if any fall under this fraud lawyer and to get the maximum exposure...

REET 9738599166

**dijendra.singh** · 07-03-2011, 01:37 PM

FRAUD AND WASTE LAWYER
hELLO Friends...
ALLIED LAW INC... headed by Mr. Brian natha niel soans
also sometime refer himself as Dr. b n soan he is complete fraud , he says that while sitting at his place at coonoor tamilnadu he will handle all credit card cases of india but its truly false he dont know anything and talks very big unheard stories which again is fake...he just want to fool the ignorant customers and to those who are in trouble to get out of this banks from where they took credit cards.. he knows well all individual will pay minimum Rs.3000 or less just to get rid of this kind of card or loan mess...so simply he take advantage and at last bring the option of settlement which anybody can do individually with the banks....
Kindly call if any fall under this fraud lawyer and to get the maximum exposure...

I challenge this person cannot help you at all, see the type of above statements all talks nothing works! Empty vessel sounds more. Most fun part is friends...he is the only person who runs this fraud racket company called Allied Law. Let him share the documents right here about us......

HE CANNOT CLEAR YOUR CIBIL RECORDS AND WILL SIMPLY SETTLE LOANS VIA COLLECTION AGENCIES...YOU CAN CLEARLY MAKE OUT HE IS A AGENT OF SOME AGENCIES.....
HE CLAIMS TO BE IN MUMBAI WITH MOBILE NOS FROM TAMILNADU BECAUSE HE WANTS TO ESCAPE FROM THE PEOPLE WHO HE HAS CHEATED.....

ALSO FRIENDS WHO ARE AFFECTED BY THIS PERSON LET US JOIN TOGETHER AND FILE A CASE AGAINST HIM TO END THIS PERSON'S INTENTION OF TAKING ADVANTAGE OF AFFECTED PARTIES...PL CALL ME TO DISCUSS.

**brian nathaniel soans** · 07-03-2011, 04:18 PM

PUBLIC NOTIFICATION:

Dijender Singh has contradicted his own statement here. He 1st stated he paid 3,000 . The official audits state he paid 4,000 for false cases.
Any person interested to know more can write to us. However legal documents cannot be published online as it is deemed sensitive information.Any consumer can write to us with and as under RTI to avail such informations of DIJENDRA SINGH.

We at ALLIED LAW - run by DR.B.N.Soans and with the advisory council of retired IPS officials HAVE INVESTIGATED and have filed DEFAMATORY charges on Dijendra Singh. However the address he has is untracable.

This publicity is just a part of negetive campaingn and doesnt affect AlliedLaw Inc. India.

Alliedlaw has ITS OFFICES AT :MUMBAI, CHENNAI, COIMBATORE, BANGALORE and MP.

There are no grevied persons of our services.At the same time we cant stop somebody writing negetive publicity about us as the intentions are ulterior. Some persons want to take advantage AND gain importance by spreading rumours and negetive publicity.

OUR numbers ofcourse are of Tamilnadu - as the Regional South ads are given with South Indian number. Not western India. This being we do have several lines.
Any claimants- greviances of any sort if any person does have in south India can write to :
alliedlawchennai@yahoo.in - ALLIEDLAW Southern Region

alliedlawmumbai@yahoo.in - ALLIED LAW Western Region and also HO.

Disclaimer: Individual action has been initiated against Dijendra Singh who by record is a fraud and all this writeups are a result of stern no- stated by Alliedlaw to handle his case which is false.
For details on Dijendra Singh- his typing and pasting works ALL CONSUMERS who are interested to know about illegal activities and blackmail tactics of Dijendra Singh can write to us as to the email mentioned as above.

Alliedlaw is a trusted -registred legal concern and activities and posts of fraudsters like Dijendra Singh doesnt hurt or deter our growth in the industry.
We at AlliedLaw wouldnt even bother to give an explanatary- as a matter of utmost accountability we are here straight forward and in an open manner expressing what is true.

at

**Jagankumarjkv** · 08-10-2011, 10:58 PM

yes. I agree with him. mr. soan promissed me he will solve my case in an month period but now its 6 months over. he never made any efforts to complete my case. he is using our situations and making money for his one benifits.

When ever i call he says he is busy in mumbai, driving, not well these kind of elementry school students excusses. is he driving, in mumbay,sick from 6 months ???

We need to take legal action on him.

JaganKumar

**rajveer singh dhanjal** · 08-15-2011, 10:16 PM

hello guys!

i gave my cases to b.n.soans . the work was undertaken and well done. i think the above comments of jagan kumar and dijendra are deliberately posted by people who want to defame dr.soans

allied law is a large company and i visited their head quaters in mumbai. so i dont think such a established office and their officers can afford to do such stupid things.

these are activities of recovery agents - posing as consumers and posting ads.
sorry guys...be carefull of fraudsters and scamsters...

uphold people who are genuine as there are very few left in india - B.N.Soans is one of those honest people

**Hari_consumercourt** · 02-01-2012, 11:59 PM

Hi all,

yes. I agree with dijendra.singh and Jagan. mr. B..N soan promissed me he will solve my case in 6 working days period but now its 20 days over. he never made any efforts to complete my case. he is using our situations and making money for his one benefits.

When ever i call he says he is not well or trying to avoid to give proper answer these kind of elementary school students excuses.

by
Hari

**alliedlawinindia** · 02-02-2012, 10:19 AM

these are all bank sponsered ads. our request after investigating into these posts have proved it so.
so we request all our consumers who have supported not to bother to reply to these imposters.
we at the same time thank all our consumers who have stood by us for supporting the cause of fight against cibil at RTI

there should not be any importance given to such a farce of banks in form of this hari.

we never know whether this hari is an existant individual.

lets not bother and lets move onn in our lives.

some imposters do all these issues THINKING THAT they can confuse public at times.

the fact all you our genuine consumers like rajveer and many others have supported us unconditionally is itself a testimony of our good services.

this is a victory - inspite of negetive campaign we have been upheld by our clientale.

and also we should understand by someone posting false posts online - alliedlaw doesnt become a fraud.

our works in life towards providing justice to public against banks atrocties will continue as usual

**Hari_consumercourt** · 02-02-2012, 03:45 PM

Hi
As per my knowledge

we believe these also Agents sponsered ads. with out investigating we can share below information

Allied Legal, IndiaAllied Legal Main India office Address.

site address is : alliedlegalonline.com

Allied Legal,
India 8/8, Nakul Lane,
Vishwas Nagar,
New Delhi - 110032
India

India +91. 9899223824 (Standard call charges may apply)

They have 24*7 hrs. support by email and Live Chat and 10.00 to 8.00 pm IST by phone.

may we can believe Allied Law, not with Mr. B..N soan

or
veritas the team
914,sahajanand shopping centre
opp. Swaminarayan temple
shahibaug ahmedabad 380004

www.Cibilcredit.Blogspot.Com
ph: 079-65498941
079-40099917
sms: 09687967770
mail : veritastheteam.Smile777@gmail.Com
facebook:http:/Www.Facebook.Com/Profile.Php?ID=100002378316540

but dont trust whos has no physical address and Proper communication address.
and whos has remarks in our forum.

Hari

**alliedlawinindia** · 02-02-2012, 04:21 PM

Dear consumers,

There are some imposters/ impersonisations

Veritas Team or Alliedlegal online are companies who have nothing to do with ALLIEDLAW, INC, INDIA.

ALLIEDLAW INC, INDIA is a seperate concern altogether run by reputed people.

1st and foremost someone tried to defame our company.

Now as they have failed to do so: these criminals are trying to mix our concern with

ALLIEDLEGAL. Veritas. These are seperate DEBT MANAGEMENT companies which Alliedlaw Inc, India has no connection.

They are debt management companies and we are a LAW FIRM.

ANYONE wishes to have our Regd Office address, Pancard or any details the same can be asked from us at:
09245201687 , 09245809644
or
FAX: central Line to : 022 66459547

Pl: dont believe people who have no address / or contact details applies to this fraudster called hari

ALLIEDLAW,India doesnt getprovoked by such posts.

Reason for this Post:

so that no Consumer should get confused by our IDENTITY.

Poeple who wish to avail any service from Alliedlegal OR VERITAS can contact the companies at their address.

Please dont mix : ALLIED LAW, India which is registred under Company Act 1956 seperately.

**Hari_consumercourt** · 02-06-2012, 11:13 PM

Hi All,

I Strongly Recommended , Dont trust whos has no physical address and Proper company official communication address.
and whos has remarks in these forum.

if you want to start process..first check their identities
Like company Registered address.

As per my knowledge , Company Should be Registered 1956 Company Act.,

Company Registered Address
Company Official Address (not like Gmail,yahoo.. etc. may fraud Agent may create in Gmail, but Reputed company should have their official company email)
Company PAN Number and etc.,

Beware of online Fraud Agents.

As per my knowledge , i believe some of best companies who has physical address

Allied Law Main India office Address.

site address is : alliedlegalonline.com

Allied Legal,
India 8/8, Nakul Lane,
Vishwas Nagar,
New Delhi - 110032
India

India +91. 9899223824 (Standard call charges may apply)

They have 24*7 hrs. support by email and Live Chat and 10.00 to 8.00 pm IST by phone.

may we can believe Allied Law, not with Mr. B..N soan

or
veritas the team
914,sahajanand shopping centre
opp. Swaminarayan temple
shahibaug ahmedabad 380004

www.Cibilcredit.Blogspot.Com
ph: 079-65498941
079-40099917
sms: 09687967770
mail : veritastheteam.Smile777@gmail.Com
facebook:http:/Www.Facebook.Com/Profile.Php?ID=100002378316540

-
By
Hari

**Hari_consumercourt** · 02-06-2012, 11:30 PM

Hi All,

Here i am also confused to contact Allied Legal, instead of Allied Legal, i contacted some online fraud agent.So

I Strongly Recommended , Dont trust whos has no physical address and Proper company official communication address.
and whos has remarks in these forum and who is trying to hide their identities.

if you want to start process..first check their identities
Like company Registered address.

As per my knowledge , Company Should be Registered 1956 Company Act.,

Company Registered Address
Company Official Address (not like Gmail,yahoo.. etc. may fraud Agent may create in Gmail, but Reputed company should have their official company email)
Company PAN Number and etc.,

Beware of online Fraud Agents.

As per my knowledge , i believe some of best companies who has physical address

Allied Law Main India office Address.

site address is : alliedlegalonline.com

Allied Legal,
India 8/8, Nakul Lane,
Vishwas Nagar,
New Delhi - 110032
India

India +91. 9899223824 (Standard call charges may apply)

They have 24*7 hrs. support by email and Live Chat and 10.00 to 8.00 pm IST by phone.

may we can believe Allied Legal

or
veritas the team
914,sahajanand shopping centre
opp. Swaminarayan temple
shahibaug ahmedabad 380004

www.Cibilcredit.Blogspot.Com
ph: 079-65498941
079-40099917
sms: 09687967770
mail : veritastheteam.Smile777@gmail.Com
facebook:http:/Www.Facebook.Com/Profile.Php?ID=100002378316540

-
By
Hari

**moinahmed** · 02-07-2012, 10:52 PM

hari is a big cheater. he robbed me and my friends of money.when we posted that he is a cheat for last few days he dissapeared.
now he is back with his free advice. we dont need his advice.

hari pay our money back.have some consience. you have cheated us of Rs.6,000

why are you cheating us.

now you are cheating us and now you are trying new stunts cheating in names of:
alliedlegal , veritastheteam or allied law are independent registred companies as registered under company act 1956 .

the directors of these companies should be carefull .

consumercourt.in should stop encouraging such cheaters posting here. please verify persons who register and spoil this forum

How can a borrower have a clear cibil rating- here is the answer-dr.b.n.soans

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