Do not forget to collect your documents from bank loan agents if your application gets rejected. If you don’t, there are chances that credit card recovery agents will land up at your doorstep to recover the money that you have never spent.

Chintan Shah, President of Suzlon Energy Limited, recently learnt this lesson the hard way when he forgot to collect his signed documents from a bank loan agent. Shah, who is based in Pune, was stunned to know that the documents had been misused to buy credit cards in his name. He registered a complaint at Mundwa police station and two people have been recently arrested in this case.