Debt2NoDebt FAQs
Debt2NoDebt is not just about reducing your debt; it’s about achieving a debt-free life. If you find yourself living paycheck to paycheck due to mounting debt or falling behind on monthly payments, Debt2NoDebt might be the solution for you.
Failure to pay credit dues or making minimal credit card payments negatively affects your credit score. Debt2NoDebt’s Debt Relief Program may or may not impact your credit score based on the program you qualify for. While the Debt Resolution Program could have a temporary negative impact, the Debt Consolidation Program aims to improve your score over time.
The cost varies based on your qualifying program, financial profile, debt load, and goals. Debt2NoDebt ensures that its Debt Relief Programs are structured to result in significant savings for customers, even after paying fees.
Savings depend on factors such as debt load, financial profile, and chosen program. Expect to save between 10%-30%* on monthly EMIs or up to 50%* on total outstanding debt.
Debt2NoDebt focuses on unsecured debts (e.g., credit cards, personal loans). While the program won’t address secured debts, graduating allows you to redirect funds towards securing your financial future and responsibly managing secured debts.
If you’ve missed payments, your card may be closed. Even if not, it’s advisable not to use the available balance to avoid further financial strain.
The Debt Resolution Program aids those in severe financial distress, settling unmanageable debt. Debt Consolidation is preventive, reducing EMIs through lower interest rates or extended tenure.
Debt2NoDebt is transparent. Any program or subscription fees are disclosed before enrollment, ensuring no hidden costs.
Your debt and income analysis determines qualification. Debt2NoDebt enrolls debts that meet program criteria, considering affordability and financial goals.
Debt Resolution Program FAQs
Ideal for those with high unsecured debt levels facing financial hardship (e.g., job loss, pay cuts), the program aims to settle debts, offering relief amid growing balances.
Absolutely legal. Debt2NoDebt addresses the lack of consumer-friendly debt relief options in India, charging service fees only upon successful debt settlement.
Yes, initially negatively. However, once the program concludes and debts are settled, credit scores begin to recover.
You only pay if a settlement occurs. If a debt isn’t settled, no charges apply.
Managed by a trusted Trusteeship firm, you retain control over the Special Purpose Account funds.
The nominal fee covers various benefits, including Creditor Harassment Protection, dedicated support, and program updates.
While possible, Debt2NoDebt’s expertise and experience offer leverage and better outcomes, especially considering the complexities of debt negotiation.
No, once enrolled, payments towards outstanding debts cease, allowing focus on building settlement reserves.
