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I have 2 Loans one with Arab Bank & one with National Bank,

I have 2 Loans...

I have 2 Loans one with Arab Bank & one with National Bank, Arab Bank had given the loan to buy a Victorian Taxi Plates they did not take any Co lateral Security, Nab do have a couple of Buildings as Co Lateral , but the Loan was for purely Taxi Plates and it is not my fault or the Banks Fault that the Victorian Goverment made it ZERO Can you Help

Lawyer's Assistant: What state/territory are you in? It matters because laws vary by location.

I am in Vivtoria

Lawyer's Assistant: What steps have you taken so far?

I have not taken any steps and I have not defaulted in payment, but why should I pay the Loan when it is not my Fault & the Loans where purely for the Purschase of Taxi's

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No that is the full storey the Loan was for the Taxi's Thanks Joe

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3/25/2018
Daniel
Daniel, Solicitor
Category: Australia Law
Satisfied Customers: 5,984
Experience: Bachelor of Laws (dist) Graduate Diploma in Legal Practise. Admitted NSW Supreme Court / High Court
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Hello, need more info. What is the current issue with either bank?
Daniel
Daniel, Solicitor
Category: Australia Law
Satisfied Customers: 5,984
Experience: Bachelor of Laws (dist) Graduate Diploma in Legal Practise. Admitted NSW Supreme Court / High Court
Verified
Daniel and 87 other Australia Law Specialists are ready to help you
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John Melis
John Melis, Lawyer
Category: Australia Law
Satisfied Customers: 3,352
Experience: Principal Lawyer at Legal AU Pty Ltd
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Customer reply replied 4 months ago
please call me on(###) ###-####Thanks
Joe
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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