70% Debt Reduction for Mohammad Parvez’s Financial & Emotional Recovery

Challenge

Mohammad Parvez, a resident of Ghansoli, Mumbai, was facing catastrophic financial and emotional distress. Driven by a desperate attempt to recover a ₹1 crore loss in the share market, he accumulated 11 unsecured loans (2 Personal Loans and 9 Credit Cards), leading to a massive total outstanding balance of ₹28,80,977. The resulting repayment pressure led to a default on EMIs, constant harassment from creditors, and the painful breakdown of contact with his family. His situation was defined by severe financial breakdown and acute emotional isolation.

Outstanding Debt: ₹28,80,977

Loan Portfolio: 11 Accounts (2 PLs, 9 CCs)

Solution

Feeling overwhelmed and hopeless, Mr. Parvez reached out to Settle My Loan (SML) in April 2025. SML immediately implemented a multi-faceted approach to stabilize his situation and begin the process of legal negotiation:

• Immediate Legal Shield: SML’s legal team proactively managed the incoming legal pressure, replying to 2 legal notices and successfully attending 1 arbitration hearing, shielding Mr. Parvez from direct judicial engagement. 
• Strategic Consolidation & Negotiation: SML assessed his case, structured a realistic settlement plan, and leveraged the financial support from his brother (who arranged ₹14 lakhs). SML began systematic negotiations across all 11 accounts. 
• Expert Management: Providing continuous guidance and professional communication, SML ensured Mr. Parvez could focus on his personal stability while the firm handled the legal and financial complexities.
  
  

Results & Achievements (Tenure: 6 Months)

SML secured remarkable results in a short period, stabilizing Mr. Parvez’s financial and emotional life:

Conclusion

Mr. Mohammad Parvez’s case is a powerful testament to the fact that even severe financial breakdown can be reversed with expert intervention. The most profound result was the cessation of constant creditor harassment, which allowed his confidence to return and led to a crucial reconnection with his wife and daughter.

Today, with only one minor loan remaining, Mr. Parvez is financially stable, emotionally stronger, and actively rebuilding his life. This journey demonstrates SML’s commitment to providing effective loan settlement services and unwavering support that delivers not just financial savings, but complete peace of mind.