Listen to what Shishir Sharma has to say.
Debt settlement involves negotiating with the creditors to create a plan for repaying outstanding debts. Borrowers and creditors work together to find a mutually acceptable solution. Once a settlement plan is agreed upon, the borrower will begin making payments in accordance with the agreed settlement plan.
Settlement Eligibility Assessment involves assessing your financial position to determine if you qualify for a loan settlement or debt resolution program. This includes analyzing your income, expenditure, and outstanding debts.
To join our loan settlement program, borrowers will first contact our legal and financial advisors and provide details of their outstanding loans and current financial situation. Our financial and legal advisors will then assess their eligibility and offer loan settlement options.
In this step, our financial advisors will create an economical plan that will prioritize debt repayment and limit unnecessary spending. Under the resolution plan, some portion of your income will be used to pay off the debts.
To start the resolution plan, our legal advisor will be contacting the creditor, explaining to them about your current financial position and negotiating with them on your behalf. Negotiation between the creditor and our legal advisor will include coming up with a repayment plan that will work for both the parties.
In this step, the client will receive a written agreement involving the terms of the settlement, including the amount to be paid and all the necessary steps to be followed.
We help our clients consolidate their personal debts by assessing their financial position , identifying their outstanding debts, and recommending the consolidation strategy best suited to their needs. We also provide advice on budgeting and debt management to ensure they can successfully repay their consolidated loans.
We help clients repay credit card loans, assess their current debt and financial situation, develop a repayment plan that fits their budget and goals, and negotiate on their behalf with creditors to reduce interest rates and fees.
We assist our clients by providing legal assistance and representation against banking harassment. We assess the situation, provide advice on available legal options and take appropriate legal action to protect our client’s rights. Our goal is to resolve issues quickly and efficiently while minimizing stress and inconvenience for our customers.
