Hi,

This is Kamalakannan from Chennai, I took a personal Loan of 25000 with Sriram chits in 2009 and of late I moved to another city because I lost the job and also had personal issue. I came back in 2011 December to the branch were I bought the loan to settle the loan amount. I was informed about the settlement and the collection agent asked me to pay 30,000 in one shot to settlement and I agreed and paid him and he gave a bill, He also informed that it will take some three working days to get the settlement letter and I was waiting for the settlement letter and no one ever responded to me. I tried reaching this collection agent and he called me and kept on giving me excuse and some lame reasons. Finally I went to the branch office to meet him and he said that the branch official has been relocated and new branch officer has come and he has to sign your settlement letter and now finally I was asked to pay sum of 26,000 again since the interest and loan ODC has to be also paid and this was informed by the new manager and he is not accepting the settlement. I thought once I make the payment I will get the settlement letter but this seems like fraud because after talking settlement and collecting the money now I have been asked to pay more money again.Someone please help me in this situation..