The Debt Collection Playbook
Proof is Power
Contracts, invoices, texts, emails… gather all evidence of the debt.
Time is Your Ally (and Their Enemy)
Interest accrues. Late fees may apply. The longer they wait, the more they may owe.
Track Every Penny
Principal, interest, late fees… don't miss a dollar.
The Debtor's Options
Many states allow you to recover collection costs, including attorney fees in some cases. Know your rights.
Maharashtra Debt Collection Laws
Applicable Laws
- Recovery of Debts Due to Banks and Financial Institutions Act 1993
- SARFAESI Act 2002
- Insolvency and Bankruptcy Code 2016
Small Claims Limit
INR 1,000,000
Consumer Protection Agency
RBI / Debts Recovery Tribunal
Collection Combat FAQ
When Do I Strike?
After the second broken promise. Time to get serious.
What If They Ignore It?
Then you may need to consider legal action. Consult an attorney.