Settlements
A debt settlement is an agreement between a lender and a borrower to pay back a portion of a loan balance while the remainder of the debt is forgiven.
We can negotiate your settlement so that you become debt-free, in most cases, without it affecting your credit score. When you are considering a settlement, 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 advisors and Empanelled Advocates at Debt 2 No Debt can negotiate the following types of settlements and debt clearance
- One-time settlement
- One-time settlement with credit clearance
- Settlement over a term
- 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, the sooner this will stop. This will also halt 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. 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 doing a settlement will hurt your credit score. This is not the case anymore; we can negotiate a settlement without affecting your credit score.
- We negotiate settlements, in most cases, without it impacting your credit score.
- 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.
- Our Empanelled Advocates will check your settlement letter to ensure that the terms are as agreed and you are protected from future claims.
- Our Empanelled Advocates will check if your debt is time-barred or not.
If your debt is time-barred, the legal time limit for the creditor to initiate legal action has expired. In such cases, our Empanelled Advocates at Debt 2 No Debt will protect you from any further legal claims related to that debt.
We aim to secure the best settlement terms while safeguarding your rights and financial well-being. We understand the complexities of debt negotiations and strive to achieve a resolution that allows you to regain control of your finances without enduring further stress or harassment.
With Debt 2 No Debt by your side, you can navigate the path to financial freedom with confidence. Our dedicated Empanelled financial advisors and Advocates will work tirelessly to find the most suitable settlement options tailored to your specific situation, ensuring a brighter, debt-free future for you.N
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