Expert Advisory - Our Cibil Expert
At Debt 2 No Debt, our team of skilled empanelled experts and CIBIL experts provides expert advisory on a range of financial matters. Our services encompass guidance on letters, closure of salary bank accounts, cessation of ECS (Electronic Clearing Service), establishment of liens on bank accounts, adept management of arbitration hearings and orders, proficient handling of dishonoured cheques, and representation in hearings.
Our Insolvency Experts (IE) and Certified Accountants (CA) will oversee the setting up and managing any unsecured debts under the PDP if that is the best option. The PDP is a program supervised by the IE and CA, involving a comprehensive "financial health audit" on all unsecured loan accounts.
A "financial health audit" is an analysis of all unsecured loan agreements to ensure that the creditors follow all RBI guidelines before sanctioning the unsecured loans, including "irresponsible lending." It also ensures that the interest was applied per the loan agreement's terms and conditions.
Suppose it is discovered that the creditors did not adhere to the RBI guidelines, engaged in irresponsible lending, or incorrectly applied interest. In that case, our IE will explore options such as requesting the write-off of interest and charges. IE will also investigate converting high-interest loans like payday or credit card debts into low-interest term personal loans or secured loans.
Our Empaneled Experts also provides Insolvency services as per the Insolvency Law, which governs aspects of financial debt. Insolvency occurs when a company is no longer able to pay its debts. There are two main types: an inability to pay the debt when due, related to cash flow problems, and balance sheet insolvencies, when a company's liabilities far exceed its assets.
In recent years, the focus has shifted from liquidating assets to assisting businesses in financial trouble. Debt restructuring steps can be taken to help rehabilitate a company and minimize the impact on the business, its suppliers, clients, shareholders, and employees. Debt 2 No Debt can assist your business with all its Insolvency needs.
- Debt 2 No Debt's Expert 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.
- They check whether the Creditors can legally enforce the debt.
- Legally negotiate revised repayment terms that you can pay and try to ensure that it does not impact your credit score.
- Handle all calls and letters from your Creditors relating to any legal issues from your debts.
- 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 ensure that the entries are correct.
- Provide advice on any entries on your credit file that need to be rectified.
- Debt 2 No Debt undertakes a "full financial health check" to ensure the correct interest is applied to your loans.
Financial Advisers
Our Empanelled Financial Advisors at Debt 2 No Debt are well-versed in personal financial debt and offer the following services:
- Conduct a full "financial health check" on your household finances.
- Manage all your debts efficiently, enabling you to become "debt-free" quickly.
- Handle all calls and letters from your Creditors.
- Stop hassle calls and letters from creditors promptly.
Our Experts are here to assist you, ensuring that:
- You no longer have to compromise your lifestyle to service your debts.
- You can start saving money at the end of every month.
- You can lead a stress-free and debt-free life.
Bounced Cheques
Cheques are used in almost all transactions, including the repayment of loans, payment of salaries, bills, fees, etc. A vast majority of cheques are processed and cleared by banks daily. Cheques are a reliable payment method, offering proof of payment for various transactions.
When a cheque is dishonoured, the drawee bank immediately issues a ‘Cheque Return Memo’ to the payee's banker, stating the reason for non-payment. The dishonour of a cheque is a criminal offence and is punishable by imprisonment for up to two years, a monetary penalty, or both.
The Negotiable Instruments Act of 1881 governs cases of dishonour of cheques. This Act has been amended multiple times since 1881.
Before the payee initiates court action, specific legal procedures must be followed. Our panel of Experts will ensure these procedures are followed. In any event, we will obtain bail for you and submit a defence on your behalf to the Courts, handling all legal matters thereafter.
Could you act now and stop the stress of court action? Our panel of Experts is here to help you with this. Book a free consultation with our Experts – there is no obligation!
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