Case Study: How Settle My Loan (SML) Helped a Client Overcome Online Fraud and Creditor Harassment

A family man from Mumbai found himself in a dire financial situation after falling victim to online fraud, which severely impacted his ability to repay his loans. As his missed EMIs began to pile up, the harassment from creditors intensified. Not only was he facing relentless calls and threats, but his friends and family were also being targeted by recovery agents due to his unpaid loans. The situation caused him immense mental stress, embarrassment, and a loss of reputation.

Desperate for relief, he turned to SML for help. Upon enrolling in our settlement program, we immediately took action to stop the harassment. Our paralegal team took over all communication with his creditors, answering their calls on his behalf and preventing any legal action from being initiated. Our lawyers also intervened to ensure that the calls to his friends and family were stopped, helping to restore his peace of mind and protect his personal relationships.

The client had a total of nine creditors, with an outstanding debt of ₹11,23,342. Within just three months of joining our program, our legal team successfully negotiated settlements with six of his creditors, securing a 60% reduction on the outstanding amounts. This not only provided him significant financial relief but also allowed him to regain control of his life without the constant stress of creditor harassment.

Our client was able to settle his loans, safeguard his relationships, and move forward without the burden of overwhelming debt and harassment.