Need help in settlement of your credit card dues or personal loans?
CASE SUMMARY: In the above case Sri B.V.S.P Choudary who claimed to be the president of All India Credit Card Members Association, A.P. Unit, Hyderabad sent a telegram dated 16.3.2007 stating that Prof. C.L.N. Murthy who is a Scientist at IICT, Uppal Hyderabad was detained by the HDFC Bank recovery agents and the Police Station […]
Start your journey towards becoming debt free today! Register at Loansettlement.com “Loan settlement” is an opportunity to get out of your loan/debt trap without paying the full amount owed by you. Our experts negotiate with your creditors to get them to agree to settle for less than the full amount you owe.
Small-ticket personal loans (STPL) which a decade ago were the pinnacle of the crisis in a similar segment are back with a bang. This time, they are run by finance companies who use analytics-based software to approve and pay low-value loans. The share of small-ticket loans in personal loans has become five times in the […]
BRIEF FACTS OF THE CASE : The complainant had regularly been using his credit card and making punctual payments for the same. The complainant received a call from the bank on 12/12/2002 stating that a sum of Rs. 43,628.93 was to be paid immediately through cheque by 13/12/2002. The complainant informed that he would drop […]
Intimidation, harassment, and violence have no place in a democracy. No one has a right to harass anyone even when they owe them something. There are proper rules and procedures that are laid down by regulatory bodies like RBI that need to be followed by recovery agents. Recovery agencies are third-party agencies appointed by banks […]
Loan settlement is also known as debt settlement, debt negotiation, or credit settlement. In this kind of settlement, the creditor agrees to a debt reduction, regarding it as a full and final settlement that the debtor gives to him. This approach to debt reduction works when the creditor and debtor come to a reduced balance […]
If you have taken some kind of a loan for a period of time but are not able to pay it back, you can get in touch with your bank and tell them about it. Banks usually offer a one-time settlement to borrowers in such cases. This option is offered only after a borrower has […]
It cannot be disputed that loans are a person’s biggest liability and must be repaid in a timely manner. In fact, the entire process of taking a loan and getting it approved is challenging. To add insult to injury, job loss, unemployment, and other misfortunes could lead to troubles when it comes to repaying the […]
It is natural not to be able to make your EMI loan payment in a timely manner every month, which can result in loan default. While some lenders provide borrowers with flexible policy plans, the majority of them don’t, and any default results in a prompt action from their side. If your payment date has […]
Due to the ongoing COVID-19 pandemic, borrowers are experiencing more and more financial stress. This has led to a fear of an increase in Non-Performing Assets among lenders, resulting in a surge of recovery agents employing unruly and coercive tactics to recover funds from the borrowers. Sunil (name changed) is one such individual who took […]
Need help in settlement of your credit card dues or personal loans?
