Services – Legal Counselling India https://legalcounsellingindia.com Mon, 06 Nov 2023 15:04:49 +0000 en-US hourly 1 https://legalcounsellingindia.com/wp-content/uploads/2023/10/Untitled-design-35-150x150.png Services – Legal Counselling India https://legalcounsellingindia.com 32 32 RBI Guidelines And Complaints https://legalcounsellingindia.com/services/rbi-guidlines-and-complaints/ Tue, 31 Oct 2023 09:14:52 +0000 https://legalcounsellingindia.com/?post_type=services&p=1497

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RBI Guidelines And Complaints

What are the RBI guidelines on recovery agents?

According to RBI regulations, banks' debt collection procedures should be built around the dignity and respect of clients. Bank policies that are excessively coercive in the pursuit of collections are not permissible. Recovery agents are mandated to follow these guidelines:

1) The customer would be contacted at his or her preferred location.

2) If requested, the bank representative should have an authorization letter on hand to show.

3)The bank would keep its customers' privacy a priority.

4) As far as feasible, the borrower's requests to avoid calls at a certain time or place would be honored.

5) All attempts should be made to resolve issues or differences connected with dues in a peaceful and amicable manner.

Can you complain to the RBI if you are being harassed or unathorized?

Yes, you can. The Reserve Bank of India has established a Banking Ombudsman to handle client complaints regarding bank services, including the following:

1) The bank's non-adherence to the fair practices code, as established by it;

2) Non-compliance with the Code of Bank's Commitments to Customers issued by the Banking Codes and Standards Board of India;

3) Non-observance of Reserve Bank guidelines on bank recovery agents

How does the Banking Ombudsman resolve the issue?

The Ombudsman will attempt to assist, conciliate, or mediate a dispute between a complainant and the regulated entity, if feasible.

The Ombudsman may take any action it sees fit, including having the complainant meet with representatives of a regulated entity to seek to resolve the problem through conciliation or mediation in the case of a complaint that is not resolved by facilitation.

The Ombudsman is authorized to award up to Rs 20 lakh in compensation. The Ombudsman can also compensate the complainant for not more than one lakh rupees for the time, expenses, and mental stress incurred.

How do you avoid this situation in the first place?

Ideally, you should take proactive action to resolve the situation so that harassment can be totally avoided. This can be done by:

1) Communicating openly and honestly with the bank about your financial situation.

2) Requesting that they consider a settlement at an amount that you can afford.

3) Taking assistance from a professional debt settlement and legal advisor.

Taking help from www.legalcounsellingindia.com

If you're having trouble deciding where to start when it comes to resolving your debt, Legal Counselling India can assist. We specialize in assisting borrowers in negotiating settlements with their creditors.

We can devise a settlement that works for you, regardless of your current circumstances. You may be able to settle your obligations as soon as 90 to 120 days after signing the contract, so fill out an application and start getting help now!

]]> Personal/Business Loan Settlement https://legalcounsellingindia.com/services/personal-business-loan-settlement/ Tue, 31 Oct 2023 06:12:35 +0000 https://legalcounsellingindia.com/?post_type=services&p=1380

If You Need Any Help Contact With Us

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Personal/Business Loan Settlement

Avoid default by negotiating and settling with the bank. We can help.

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> Anti-Harassment & Legal Services https://legalcounsellingindia.com/services/anti-harassment-legal-services/ Tue, 31 Oct 2023 06:12:35 +0000 https://legalcounsellingindia.com/?post_type=services&p=1381

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Anti-Harassment & Legal Services

Anti-Harassment and Legal Services Collection Legal Procedure: Bad Debt, Arbitration on Collection Dues, and Legal Guidelines on Pre-Letigation by the District Legal Services Authority Our lawyers and legal experts intervene where necessary.

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> Credit Rating Building https://legalcounsellingindia.com/services/credit-rating-building/ Tue, 31 Oct 2023 06:12:35 +0000 https://legalcounsellingindia.com/?post_type=services&p=1382

If You Need Any Help Contact With Us

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Wish To Improve Your Credit Score?

Improving your credit score is not an overnight task. As part of the process, we will assign a senior credit counselor who will handhold you for 3-6 months or longer if required to help you make the right decisions and implement activities that will improve your score over time. Pay dues on time through financial planning.

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> Harassed By Bank Recovery Agents? https://legalcounsellingindia.com/services/harassed-by-bank-recovery-agents/ Tue, 31 Oct 2023 06:12:35 +0000 https://legalcounsellingindia.com/?post_type=services&p=1383

If You Need Any Help Contact With Us

+91-9769386961

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Harassed By Bank Recovery Agents?

Or any other activity done by bank collection which is not part of the collection procedure.

If you are being harassed by loan recovery agents, Unfair practices, collection, and possession of assets without any intimation, out of procedure on against collection dues, interest waiver, which is bank not disclosing, or negligence by bank if there is any solution to repay dues, bank officer manipulation against banking and RBI guidelines, wrong valuation of property, or other banking service issue related, you can file a complaint to the RBI Banking Ombudsman as per law. Our experts explain why you should not suffer in silence and what you can do, including how the Banking Ombudsman can come to the rescue.

Our panel of advocates will intervene when the creditors start using these tactics to ensure that your rights are protected. We will also claim compensation if the harassment does not stop.

If you are receiving continuous abusive telephone calls, you can redirect those calls to our paralegal team, who will answer them on your behalf. In cases of creditors visiting your home or place of work, you can redirect them to our advocates and paralegals, who will handle them on a legal footing.

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> Bounced Cheques Cases  https://legalcounsellingindia.com/services/bounced-cheques-cases-2/ Tue, 31 Oct 2023 06:07:15 +0000 https://legalcounsellingindia.com/?post_type=services&p=1374

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Bounced Cheques Cases 

Cheques are used in almost all transactions, such as repayment of loans, payment of salaries, bills, fees, etc. A vast majority of checks are processed and cleared by banks on a daily basis. Cheques are issued for the purpose of securing proof of payment. Nevertheless, checks remain a reliable method of payment for many people.

When a check is dishonoured, the drawee bank immediately issues a ‘Cheque Return Memo’ to the banker of the payee, mentioning the reason for non-payment. The dishonor of a check is a criminal offense and is punishable by imprisonment for up to two years, a monetary penalty, or both.

The Negotiable Instruments Act, 1881, is applicable in cases of dishonoring a check. This Act has been amended many times since 1881.

Prior to the payee initiating court action, the payee has to follow certain legal procedures. Our panel of legal officers and advocates will check that these procedures have been followed. In any event, we will obtain bail for you, forward a defense on your behalf to the courts, and handle all legal matters thereafter.

So act now and stop the stress of court action. Our panel of lawyers and attorneys are here to assist you in this matter. Book a free consultation with our panel of lawyers and advocates; there is no obligation!

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> Legal Services https://legalcounsellingindia.com/services/legal-services/ Tue, 31 Oct 2023 05:58:08 +0000 https://legalcounsellingindia.com/?post_type=services&p=1367

If You Need Any Help Contact With Us

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Legal Services

Our panel of advocates can advise on legal notices, closing salary bank accounts, stopping ECS, liens on bank accounts, arbitration hearings and orders, bounced checks, and court hearings.

Our insolvency lawyers (IL) will set up and manage any unsecured debts under our debt plan if that is the best option. The debt plan is supervised by the IL, in which all the unsecured loans are evaluated by undertaking a full “financial health audit” on all the unsecured loan accounts.

If it is discovered that the creditors have not followed the RBI guidelines, there is irresponsible lending, or the interest is not correctly applied, then our IL will look at requesting writing off the interest and charges. The IL will also investigate the possibility of converting a high-interest loan, like a pay-day loan or a credit card debt, into a low-interest personal loan or a secured loan.

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> Debt Services https://legalcounsellingindia.com/services/debt-services/ Fri, 27 Oct 2023 10:55:38 +0000 https://legalcounsellingindia.com/?post_type=services&p=1274

If You Need Any Help Contact With Us

+91-9769386961

Email Us

[contact-form-7]

Personal/Business Loan Settlement

Avoid default by negotiating and settling with the bank. We can help.

Anti-Harassment & Legal Services

Anti-Harassment and Legal Services Collection Legal Procedure: Bad Debt, Arbitration on Collection Dues, and Legal Guidelines on Pre-Letigation by the District Legal Services Authority Our lawyers and legal experts intervene where necessary.

Wish To Improve Your Credit Score?

Improving your credit score is not an overnight task. As part of the process, we will assign a senior credit counselor who will handhold you for 3-6 months or longer if required to help you make the right decisions and implement activities that will improve your score over time. Pay dues on time through financial planning.

Harassed By Bank Recovery Agents?

Or any other activity done by bank collection that is not part of the collection procedure.

If you are being harassed by loan recovery agents, Unfair practices, collection, and possession of assets without any intimation, out of procedure on against collection dues, interest waiver, which is bank not disclosing, or negligence by bank if there is any solution to repay dues, bank officer manipulation against banking and RBI guidelines, wrong valuation of property, or other banking service issue related, you can file a complaint to the RBI Banking Ombudsman as per law. Our experts explain why you should not suffer in silence and what you can do, including how the Banking Ombudsman can come to the rescue.

Our panel of advocates will intervene when the creditors start using these tactics to ensure that your rights are protected. We will also claim compensation if the harassment does not stop.

If you are receiving continuous abusive telephone calls, you can redirect those calls to our paralegal team, who will answer them on your behalf. In cases of creditors visiting your home or place of work, you can redirect them to our advocates and paralegals, who will handle them on a legal footing.

]]> Financial & Legal Advisers https://legalcounsellingindia.com/services/financial-legal-advisers/ Fri, 27 Oct 2023 10:51:22 +0000 https://legalcounsellingindia.com/?post_type=services&p=1265

If You Need Any Help Contact With Us

+91-9769386961

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[contact-form-7]

Financial & Legal Advisers

Our Financial Advisors are well-versed in personal financial debt and will be able to offer the following:

  • Full "financial health check" on your household finances.
  • Manage all your debts so that you become "debt-free" in the shortest time.
  • Handle all calls and letters from your Creditors.
  • Stop hassle calls and letters from creditors.
  • Our Proficient team of lawyers will answer all legal notices and arbitration Notices from the bank (Lawyer charges are included within your plan).

Our Advocates and Legal Financial Advisors are here to help you so that:

  • You do not have to compromise your lifestyle anymore to service your debts.
  • You can start to save money at the end of every month.
  • So that you can be stress-free and debt-free.

25 Years

Of Experience in Finance & Legal Advisory

The Concept

We are dedicated to transforming the financial landscape for businesses in India, where productive debt solutions and legal support for businesses and their owners are presently underserved. In a nation where business owners may face personal liability for outstanding debt, our aim is to empower them with the knowledge, guidance, and legal protection needed to navigate financial challenges with confidence and resilience.

Our mission is to lead a paradigm shift by introducing comprehensive debt management strategies and providing robust legal assistance to business owners burdened by debt. We aim to empower business owners with the knowledge and resources necessary to effectively manage and navigate their financial challenges. Our goal is to guide businesses towards a financially secure future by offering tailored debt management solutions and ensuring they have access to legal expertise to protect their rights and interests.

Our commitment to ethical conduct, transparency, and a client-first approach drives our actions. We work diligently to earn and maintain the trust of our clients by providing unparalleled legal support and debt management solutions. Through our dedicated legal experts and lawyers' team.

]]> One Time Settlements & Foreclosures On Loans https://legalcounsellingindia.com/services/one-time-settlements-foreclosures-on-loans/ Fri, 27 Oct 2023 10:43:37 +0000 https://legalcounsellingindia.com/?post_type=services&p=1258

If You Need Any Help Contact With Us

+91-9769386961

Email Us

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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.

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