Is it against the law for loan recovery agents to harass clients? Yes, According to RBI rules, banks' debt collection practices should be based on the respect and dignity of customers. So get in touch with our specialists today, and they'll walk you through what you can do, in...

Recovery agents can be sued by you for harassment. To sue a bank, you must show that the bank's actions were deliberate and that they caused emotional distress. You will also need to demonstrate some sort of financial loss as a result of the abuse. If you have been the target...

The credit card company sets the minimal payment amount to keep you in debt. The minimum payment is usually just enough to cover the interest that has accrued on your balance, and it makes no impact on the principle amount. To get out of debt, you must pay more than the minimu...

Settlement occurs when you and your creditors reach an agreement to repay a portion of your debt. Debt closure, on the other hand, is the process of formally terminating your bankruptcy case. When you stop making payments, your creditors may take legal action to get the money....

The first stage in debt settlement is to notify your bank or creditor that you are unable to pay and that you intend to make payments for settlement in the near future. The process of negotiating with your bank or creditor will take some time, since you'll need to find a compr...

There are a few things you need to know about debt settlement and house buying. First, debt settlement will not affect your ability to buy a home directly. However, if you wish to obtain a home loan, you must understand that your past debt settlement will be recorded on your c...

CIBIL is a credit information agency that keeps track of a person's credit history. Banks and financial institutions use this data to determine whether you are qualified for a loan. If you default on a loan or credit card payment, your name will be added to CIBIL's list of def...

When a debt collector harasses you, it is known as loan recovery agent harassment. This might be done through phone calls, emails, text messages, or even in-person contacts. The objective of the loan recovery agent is to collect as much money as possible from you as quickly as...

A balance transfer is a method of transferring existing credit card obligations to another credit card in order to pay off old debt. The major goal of a balance transfer is to obtain a low interest rate and avoid paying off credit card debt on your current card. Frequent balan...

Your credit score is largely influenced by your repayment history, which makes up about a third of the equation. The quickest approach to raise your score is to make on-time and full payments on all of your loans and credit cards immediately. This will have a big impact on you...

Many individuals turn to third-party services like Loansettlement.com for help with settling their obligations because banks and finance companies are generally reluctant to provide settlement. Personal loans are not secured, so it is feasible to stop making payments and accum...

The amount of the settlement will be determined by how much you owe, the kind of card you have, and your capacity to pay. In most cases, debt settlement businesses may obtain settlements for 40-50% of the borrower's outstanding dues. However, to obtain this settlement, you mus...

A credit card settlement is the process of negotiating with your lender to decrease your account's outstanding balance so that you can pay off all obligations. You may be able to reach a compromise by paying less than what you owe and exiting debt sooner, or they might agree n...

RBI is the Indian government's banking and financial services watchdog. RBI is empowered to look into claims of unfair trade practices, poor banking service standards, and insufficient lending and debt servicing services, as well as bank charges and other service fees charged...

When evaluating your personal loan application, certain lenders will take into account your CIBIL score as well as other qualifying criteria. Can you borrow money if your CIBIL rating is poor or low? The Credit Information Bureau (India) Limited is what the name CIBIL implies....

Covid 19 has had a significant influence on our lives and businesses, with many individuals requiring “immediate money.” Loan sharks are now hiding in your phones as phony looking money-lending and borrowing applications. Covid 19 is estimated to have cost over 10 crore people...

RBI has introduced a new resolution mechanism for consumer complaints regarding services provided by entities supervised by the Reserve Bank of India in an expedient and cost-effective manner. The Reserve Bank Integrated Ombudsman Scheme is a system in which individuals can re...

The importance of the CIBIL credit score is increasing these days. This is due to the fact that it has become one of the most essential ways to assess creditworthiness. The higher your CIBIL score, the more financial products and services you will be eligible for. A high CIBIL...

When you fail to make a payment on your credit card, it's known as a credit card default. This might be due to a lack of money to cover the minimal monthly payment or forgetting to pay your bill. If you default on your credit card payments, your account will be turned over to...

Loansettlement.com is run by accomplished entrepreneurs who graduated from IIT, IIM, and MIT USA. They have more than 30 years of entrepreneurial expertise in a variety of industries, including finance, consulting, online education, and worldwide employment management. Our obj...

When it comes to personal loan settlement, you must first understand your choices and the possible drawbacks. The two most common methods of debt settlement are lump sum payments or monthly installments. A lump-sum settlement is a one-time payment that is less than the total a...

The first step in resolving credit card debt is to make a budget. This entails sitting down and determining how much money comes in and goes out each month. You should also list all of your financial obligations, including your credit card debts. After you've gathered this inf...

We are an innovative loan settlement agency with the mission to help people in financial distress come out of their debt traps. It is common knowledge that in India, if you default on your loan repayments, you get hounded by recovery agents and life becomes miserable, in spite...