Debt-Free Solutions – Debt 2 No Debt

Negotiating with creditors to establish a Debt Management Plan (DMP), which includes reduced payments (EMI), and requesting creditors to lower interest rates and charges, is a restructuring process aimed at helping borrowers gradually overcome their debt burden and enhance their money management skills.

Debt Management Plan

This is one of the solutions that Debt 2 No Debt offers by negotiating a payment plan that will let you pay off all your unsecured debts at one affordable rate. This is called a Debt Management Plan (DMP), as mentioned in RBI’s working article, in which Debt 2 No Debt will be set up and managed with all your creditors. This Debt Management Plan is for unsecured debts which have not been secured against your properties or assets. Typical examples include personal loans, credit cards, education loans, and bank overdrafts.

Debt 2 No Debt will establish the right amount of monthly payment during your consultation, and if you decide to join us, we’ll propose with your creditors to accept affordable payments. From our experience, most creditors tend to agree with these proposals as we explain your financial circumstances to them.

You'll only pay what you can afford each month
We'll reduce your monthly repayments to an affordable level
You'll only repay your debt to multiple creditors with a single, comfortable monthly payment.
Whatever your situation is, we can help you
In some cases, interest will be frozen
We will deal with your lenders on your behalf
You won't have to deal with creditors; we do that for you
We handle all communication from your creditors on your behalf
We can help you become debt-free so that you can get your life back on track

When you are struggling with debts, it’s often difficult to know what to do, what solutions are available and who to turn to for help. Deciding to seek help is often the most difficult but also the most critical step in taking back control of your finances. If you are struggling with unsecured debts (loans, credit cards, education loans, overdrafts), finding it more and more challenging to keep up with the monthly payments, then a Debt Management Plan may be right for you. One of the key benefits of a Debt Management Plan is having all monthly payments consolidated into one single monthly repayment. It may also be possible to freeze interest and any other additional charges in some cases.

Legal Associates

When an individual misses an EMI, creditors start their recovery process, which means that you will experience the following:

These recovery actions are within the RBI guidelines. Still, based on our customers' experiences, we have discovered that creditors often cross the legal line and resort to harassment and intimidation tactics.

Our panel of Experts will intervene when creditors start using these tactics to ensure that your rights are protected. We will also claim compensation if the harassment does not stop on a "Zero win, Zero fee" basis – meaning we will not charge any fees unless we win compensation for you (25% of any compensation awarded).

If you receive 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 Experts, who will handle them on a legal footing.

Legal Services by Empanelled Experts

Our panel of Experts at Debt 2 No Debt can guide legal Notices, close salary bank accounts, stop ECS, impose a lien on bank accounts, handle arbitration hearings and orders, manage bounced cheques, and represent you in Court hearings.

Our Experts will establish and oversee any unsecured debts under our debt plan if that is the best option. The IL supervises the debt plan, which evaluates all unsecured loans through a comprehensive "financial health audit" on each unsecured loan account.

Suppose it is discovered that creditors need to follow the RBI guidelines, engage in irresponsible lending, or incorrectly applied interest. In that case, our Experts will consider requesting the write-off of interest and charges. The Experts will also explore converting high-interest loans like payday or credit card debts into low-interest term personal loans or secured loans.

Actual affordable EMI Plan

This is a blend of specially designed financial and legal services for those individuals who are struggling to keep up with their debt repayments (EMI), but who can afford to consistently pay smaller amounts over a more extended period.

By enrolling in Debt 2 No Debt’s Actual affordable EMI Plan, you will benefit from the following services once on the Actual affordable EMI Plan:

EMIs consolidated into a Customise Affordable EMI structure.
We will make you debt-free by paying off one creditor at a time.
You can transfer all your creditor and collection agent calls to our para-legal team. They will act as a shield between you and your creditors so that you can focus on living a life stress-free.
Our team of Experts will protect you from collection agents, resulting in a decline in creditor calls and demands for payment.
Bounced Cheques – if you have any of these, our Experts can protect you from criminal matters. Our Financial advisors will thoroughly track all your loan transactions and check if the creditors have applied interest accurately on your loans. Suppose we discover that the interest has been over-applied. In that case, our team of Advocates will fight for compensation on your behalf on a “Zero-win, Zero-fee” basis –we will not charge you any fees unless we win compensation for you (25% of any compensation awarded).
Our Proficient team of Experts will answer all legal notices and arbitration Notices from the bank (Lawyer charges are included within your plan).
Our Experts will make sure that the creditors have correctly sanctioned your loans as per RBI guidelines, and if they discover that this is not the case, then they will fight for compensation for you on a “No success, No charge” basis.
If you stay on our PDP for more than eight months, our Advocates will request your creditors to freeze all interest and charges. If your financial position improves, we can arrange a settlement with a discount of 50% to 70%, either on a one-off payment or a term payment over 12 months and with credit clearance. We will advise the best time to do this.

As you can see, we protect you every step of the way, and our debt program allows you to live your life without the burden of debt hanging over your head.