Hello I took gold loan of amount 93,600 before 15 years ago. Due to my business loss, I was not able to pay interest of it. Now they told me to pay 60% interest at a time in 2 days and remain amount in emi.
If I’ll not do that so they told me that it will affect your CIBIL report as well. They also told me that it is not necessary to give advertisement in to the newspaper for action, and for gold loan there is no rule to print add for action. My question is – Will it affect my CIBIL score? and Is not important to give advertisement in to the newspaper before action my gold? Please do let me know as soon as possible. Regards Ron T