Case Study 2: One Time Settlement (OTS)
Case Study 2: One Time Settlement (OTS) One Time Settlement (OTS) on five loans to become debt free. Total outstanding debt was ₹6,43,767 and settled
February 10, 2022
1 Comment
Menu
Embark on Your Journey with Expert Guidance.
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.We are the only company that offers a range of settlement options to best suit your needs. We will negotiate the best option on your behalf. Enquire today for a free consultation, and see what settlement option is best for you.
Settle My Loan isn’t just about escaping debt—it’s about reclaiming your financial freedom. Our seasoned team partners with you, negotiating diligently with your creditors to settle for an amount that’s often less than what you owe.
Welcome to Settle My Loan (SML), where we stand with MSMEs, the backbone of Indian Economy (contributing to ~30% of India’s GDP), in their journey through debt difficulties. If your business is grappling with financial difficulties, rest assured you’re not alone. Each year, thousands of entrepreneurs encounter severe financial distress, and it’s those who adapt and seek effective solutions who emerge stronger.
Share details of your unsecured debts (credit cards, personal loans, etc.) with our advisors and discover your eligibility for loan settlement.
Choose a plan tailored to your needs, sign a protective legal agreement, and start your journey to a debt-free life.
Automate monthly savings into a controlled Escrow account (regulated and protected under SEBI). Let us manage communications with your creditors, ensuring a hassle-free experience.
Once your Escrow account reaches a substantial amount, our team steps in, negotiating with creditors to significantly reduce your outstanding dues.
We strive for optimal savings on your behalf, settling loans with your approval. Upon payment to the creditors, receive your settlement letter and relish the joy of being debt-free!
For those who can manage to pay most of their debt, especially for smaller amounts, we offer a structured debt closure approach. This ensures you can meet terms that are both reasonable and negotiated in your favour.
Navigating personal loan settlements requires expertise, given the hesitance of banks and NBFCs. At Settle My Loan, we simplify this process, helping many to settle their obligations efficiently.
With soaring interest rates, credit card debts can be daunting. If you're grappling with such debt, consider our settlement services to enhance your financial health.
Despite legal judgments and RBI guidelines, borrower harassment persists. Explore our Anti-harassment Service and safeguard your peace of mind.
Discover a balanced financial future with us.
Case Study 2: One Time Settlement (OTS) One Time Settlement (OTS) on five loans to become debt free. Total outstanding debt was ₹6,43,767 and settled
Case Study 3: Term Settlement Term Settlement to be paid over two months with 60% discount and become debt free. Total outstanding debt was ₹7,92,962
Case Study 4: Term Settlement Debt free after settling four loans with an average discount of 58%, one on a term settlement and others on
We can negotiate your settlement so that you become debt free, in most cases without it affecting your credit score.