At Dosettlement.com,we are committed to transforming the landscape of financial relief in India. As an innovative fintech company, we specialize in assisting individuals trapped in debt to find effective solutions and reclaim their financial stability.In India, the experience of defaulting on loan repayments often leads to relentless and distressing actions by recovery agents, despite Supreme Court rulings against such coercive practices. While debt settlement is a well-established method of financial relief in developed countries like the USA and Europe.... read more
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Debt relief or "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.
There are 5 phases in Loan settlement process:
Loan settlement is the process of negotiating with creditors to pay off a debt for less than the full amount. It is also known as debt settlement, debt relief, or debt resolution.
There are several reasons why you might want to settle a loan. Maybe you can no longer afford the monthly payments, or you want to get rid of the debt as quickly as possible. Perhaps you've fallen behind on payments and are facing foreclosure. Whatever the reason, loan settlement can be a way to get out of debt without having to declare bankruptcy.
We can help you in settling unsecured loans like personal loans, credit card debts, consumer loans, unsecured business loans etc. We cannot settle collateral based loans like home loans, auto loans, gold loans and consumer durable loans.
Yes, it is perfectly legal.
There are several benefits to loan settlement. First, it can help you get out of debt quickly. If you’re struggling to make monthly payments, settling your loans can give you some breathing room. Second, it can save you money. When you settle a loan, you pay less than the full amount owed. This can be a huge relief if you’re struggling to make ends meet.
Loan settlement works by negotiating with creditors to pay off a debt for less than the full amount. For example, if you owe Rs.300,000 on a credit card, you might be able to settle the debt for Rs.150,000. The creditor gets paid and you get out of debt. It's a win-win situation.
Contacting your friends and relatives about your debt without your knowledge or acceptance.
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Debt collectors cannot visit your home without appointment.
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Complaint to RBI if your grievances are not resolved by bank's ombudsman
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