Buried in Debt & Facing Harassment? Here’s How CredSettle Helped
Debt can be heavy. Mostly when dealing with both personal loans and credit card debt. The situation worsens when agents start harassing clients with continuous calls. Threats. Also, home visits.
This is exactly what happened to our client. Rohit. A 38-year-old IT expert from Mumbai. After losing his job. He found himself unable to pay off his ₹8,00,000 personal loan and ₹3,50,000 credit card debt. Despite his efforts to settle with banks. The constant threats from calls agencies made his life miserable.
How CredSettle Helped Rohit Regain Control
Feeling helpless. Rohit reached out to CredSettle’s expert closure team. Our approach included:
- Stopping threats
- We fast intervened. Informing lenders and calls agencies about his legal rights.
- Our legal team issued notices to prevent illegal claims tactics.
- settling Debt Reduction
- We assessed his finances and started talks with lenders to reduce the total dues.
- Our team successfully settled his personal loan for ₹4,50,000 and his credit card dues for ₹2,00,000. Saving him nearly ₹4,00,000 in total!
- Creating a workable Payment Plan
- Instead of forcing Rohit into another loan. We arranged an affordable one-time closure to clear his dues.
- making sure a threats-Free Future
- Post-closure. We made sure proper closure of his loans. Preventing any further calls calls or legal troubles.
