Loan settlement is a process in which a borrower and a lender agree to settle a loan for an amount that is less than what is owed. This can occur when a borrower is unable to make their loan payments due to a financial crisis.
In a loan settlement, the lender agrees to accept a lower amount than what is owed as full payment of the loan. Our Lawyers will negotiate with the lender on the settlement terms, including the settlement amount and the payment schedule.
Share all information about your debts (personal loans ,credit cards etc ) with our professional debt counsellors.They will systematically evaluate your situation and share insights on how you can make knowledgeable choices on how to improve your situation based on their past experience.
In order to access our company's services ,you must enrol in our program after signing a legal agreement.This contract outlines the fees you will incur and also protects your interests and enables debt resolution.
After enrollment in our Loan Settlement programme,you will begin saving money in your account for a fast track journey of debt settlement.These saved funds will be utilized when negotiating with your lenders enabling you to move towards loan resolution while we handle all the bank harassment.
Once you have saved enough funds in your bank account,our team of legal advisors will begin negotiations with your creditors on your behalf based on your payment capacity.Through negotiations , our legal advisors will work towards reaching a settlement with your creditors.For loan settlement ,lenders generally accept a lump-sum payment that is less than the total outstanding amount.
Finally, our legal and financial advisors will negotiate with the bankers about new repayment terms with your creditors. You will receive a written agreement involving the terms of the settlement and including the amount to be paid which will be less than the actual amount owed by you.We will work hard to get you the best possible resolution so that you can become debt free
It's important for borrowers to seek advice from a financial advisor or credit counselor when pursuing debt settlement to ensure they are taking the right steps for their specific situation.
Personal loan settlement is the process of paying back a percentage of your loan balance to close the debt.In case of exceptional circumstances where the borrower has exhausted all avenues of paying back the loan which could be caused by medical emergencies or job loss is when you can go in for a personal loan setllement.Many people seek help from settlement agencies for setting their obligations since banks and NBFCs don't agree to a debt settlement easily.
Repaying a credit card loan involves settling the borrowed amount plus interest within a specified timeframe. Regular payments, usually monthly, are required to clear the debt. Failing to meet payments can lead to increased debt due to interest accumulation and potential negative impacts on credit scores.
Service Against Bank Harassment: Dedicated support to address and prevent abusive practices by financial institutions. We are empowering consumers through legal guidance, complaint resolution, advocacy and ensuring fair and respectful treatment, safeguarding economic rights and promoting transparent banking practices.
