One Time Settlements & Foreclosures On Loans
We can negotiate your settlement so that you become debt-free; in most cases, your credit score suffers on OTS.
When you are considering a settlement, then there are options that we can offer, as all settlements are not the same. We can negotiate settlements that best suit your circumstances.
Our financial legal advisors and Advocates can negotiate the following types of settlements and debt clearance:
- One-time settlement
- One-time settlement with credit clearance
- Settlement over a term
- A settlement over a term with credit clearance
- Settlement with a moratorium period
- Reversal settlement
- Foreclosure
- Time barred debt
- Doing settlements is one way on your way to become debt-free
Interest and charges are daily added to your debt by the lender. The sooner we can obtain a settlement letter, this will stop, and this will also stop debt collection calls, creditor harassment, and legal action.
No one can guarantee a settlement; this is at the discretion and policies of the Bank and NBFC as per RBI guidelines. We will first check with the Banks and NBFC if a settlement can be undertaken, and then we will negotiate the type of settlement we can obtain for you.
It is said that when you do a settlement, it will harm your credit score. This is not the case anymore; we can negotiate a settlement as per the bank and regulations.
We negotiate a payment term for you to pay your settlement over time. We negotiate a moratorium period on your settlement before you start paying.
We do not charge any up-front fees for our settlement; you only pay us when you get the settlement letter. Legal charges /Legal aid/court hearing/legal notices charges applicable at your own cost.
Our Advocates will check your settlement letter to ensure that the terms are as agreed and you are protected from future claims.
Our Advocates and legal experts will check if your debt is time-barred. Our CIBIL lawyer performs a full "legal audit" of your loan contract and checks that protocols were followed before the offering of the loan by the financial institutes.
Will check whether the Creditors can legally enforce the debt. Legally negotiate revised re-payment terms that you can pay and ensure it does not impact your credit score. Handle all calls and letters from your Creditors relating to legal issues.
Undertake a full "legal due diligence" of pending court action for a bounced cheque. Handle all Court matters and pending court action for bounced cheques. Legally check your credit file and check that the entries are correct.
Pieces of Advice on any entries on your credit file that need to be rectified. We undertake a "full financial health check" to ensure that the correct Interest has been applied to your loans.