hello friends... i m in a problem....
my car is on installment... i have bought a car on installment last 2 years ago and successfully paid 22 installment from 36.... but the case is little complicated now that my car is on the name of my uncle and unfortunately his business is getting down due to unavoidable circumstances....
IF my car is on INSTALLMENT from BANK A and He took the the business Loan from BANK B and BANK C also for his business....IF he is a DEFAULTER OF REPAYMENT OF LOAN OF BANK B and BANK C....but the CAR FINANCED INSTALLMENT from BANK A and the installments are being Paid regularly!!! will the bank A will make any actions....
kindly tell me my installments are regular but the car is on the name of my uncle will there be any problem