Hello,
This gathering of organizations is an enhanced business bunch. Their business wanders particularly in the field of Micro Finance(Auto, individual and customer Loans) have most likely helped numerous. Be that as it may, have they truly made a difference? As of late Dass showrooms in Pune were fixed for lawful reasons one fine morning.
Individuals who purchased items from these showrooms the past night were left in a stagger as they paid the cash yet the merchandise were not conveyed. Some of these individuals had decided on a section down payment and part advance from Bajaj Consumer Finance.
The next morning every one of these individuals were in a stun when they heard that the showrooms were fixed. They clearly dont realize what will happen to the down payment.
In any case, they were sure that things wouldn't turn out badly with the fund as it takes around 24 hours for culmination of confirmation and payment to the merchant after which the items are conveyed to the client. A month down the line, the shoppers woke one fine morning to see that the post dated checks/ECS leeway has been finished by Bajaj Consumer Finance for credits which Bajaj would in all probability not have dispensed. In one specific case, they really figured out how to get a check dated 5 April 2011 encashed on 5 December.
At the point when the shopper called the gentleman at the flip side basically wouldnt answer the telephone. At long last he went to stop a dissension and when the cop in control called the gentleman, he addressed and afterward asked for to converse with the shopper. He told the shopper the credit was dispensed the same night to the merchant which is difficult to accept as this individual had finished marking the structures and so on by around 10 in the night. Wonder which banks are so productive as to dispense advance sums past 10 p.m. By the by, detecting inconvenience the Bajaj money fellow offered to discount the sum encased, which in itself demonstrates that they just took a bet not hoping to meet with an enraged shopper.
So guys, keep an eye out before you buy any purchaser products. Do an intensive check of the merchant and before finishing marking of credit reports, request that the account folks affirm with you when they are dispensing the advance( this is an exceptionally standard practice.) Or you may very well wind up gulping a biting pill/tears. Precautionary measure is superior to anything cure.
