FREQUELNTLY ASKED QUESTIONS
Aapke Sawal Hamare Jawab
FREQUELNTLY ASKED QUESTIONS
Aapke Sawal Hamare Jawab
We can assist you with repaying unsecured debt, such as consumer loans, credit card debt, and personal loans. Loans such as consumer durable loans, auto loans, and house loans that are collateral-based cannot be settled.
The SettleUP Capital Debt Resolution program is an ideal choice for those who have a lot of unsecured debt and are struggling financially as a result of losing their job, receiving a pay reduction, experiencing an emergency, etc. Our program could be appropriate for you if you are falling behind on your loan or credit card payments are having trouble managing your personal finances, and the balance on your loans or credit cards is rising.
SettleUP Capital Debt Consolidation Program is a proactive approach for clients that have excessively high debt leverage. You might be one unexpected cost away from falling into debt trap and delinquency if you live paycheck to paycheck and just make the minimum payments on your debt. By lowering your interest rate or extending the term of your loan, our debt consolidation program helps you feel less financially burdened. A new consolidated loan provided by our Lending Partners is used to settle all of your existing creditors when you join in the SettleUP Capital Debt Consolidation Program. With your new combined loan, you’ll have a single, lower monthly EMI in place of your previous several, variable-rate monthly payments.
The action of negotiating and settling a debt repayment at the cost of less than the entire amount owed is known as loan settlement.
Indeed, in full. Settlement of debts is entirely lawful. There are currently no consumer-friendly debt reduction alternatives available in India for those who are having financial difficulties. The goal of founding SettleUP Capital was to address this enormous issue. Our goal is to empower consumers who are struggling with debt to decrease and eliminate their debt, accumulate wealth, and attain financial independence by offering those financial literacy and debt relief solutions and services.
Your creditors will keep contacting you in an effort to collect the loan. On the other hand, there are legal protections against unethical collection practices as well as rules of behavior that debt collectors are required to follow. We provide our registered clients a service called the Anti-Harassment Protection Service (AHPS) to assist them in coping with harassment from collection agents.
Yes, your credit will temporarily suffer as a result of the Debt Resolution Program; but, when you’ve completed it and are debt-free, your credit score will begin to increase. If you are already behind on your payments, your credit score and rating have most likely already suffered, thus the consequences of using our service might not be as bad. Moreover, only a minor portion of debtors has a high credit score. Almost often, when we ask our clients whether they would choose debt relief over a transient negative credit impact, they respond that debt reduction is more important. The good news is that when the Debt Resolution Program is finished, credit scores usually rise swiftly. Anyone’s credit score may rise over time with excellent credit conduct. Moreover, you would want to see “Settled” rather than “Willful Default” against your accounts when you begin
The average settlement time is often between one and two years, however it may vary from case to case
Although the creditor is free to pursue legal action for failure to pay, most creditors are amenable to a settlement if one can be reached. If necessary, our team of attorneys can assist you in managing these matters.
You certainly can. Debt settlement is difficult and time-consuming, and many people might lack the willpower and fortitude to bargain with their creditors. Because he feels ashamed and embarrassed over missing payments, the typical consumer is always at a disadvantage when dealing with creditors. The majority of people will find it challenging to handle the traps, scams, threats, and pressure methods employed by creditors. In addition, a professional may utilize leverage and other industry secrets to get the greatest outcomes, just like in any other firm. This is where SettleUP Capital comes into play. Our knowledge and experience give us the leverage and the strength to represent you to your creditors and negotiate the best settlement and outcome for you.
Your credit card will probably be closed by the creditor if you haven’t been paying your bills on time each month. Nevertheless, we advise against using any more of the available balance on your credit card account—even if the creditor hasn’t cancelled your card.
Sure. A reference of guarantee appears in the contract.
An average savings of 50% of the outstanding loan amount may be realized, however, this may vary from case to case.
Your creditors will keep adding interest and late penalties to your balances if your credit card and loan accounts fall behind. Your balance will usually keep going up until a settlement is made. Remember that whether or not you make the required minimum payments, interest will still accumulate. Even after interest and late fees have been applied to your account, our objective at SettleUP Capital is to negotiate substantial reductions on the total amount you owe. When estimating your payback, we take into consideration any extra costs as well as interest that may have been accrued on your account. Your creditor may demand additional fees and interest, but our collection cost to settle the debt won’t go up.
We have created a straightforward and superior method of handling debt with SettleUP Capital Debt Relief Platform, which is fully transparent and equitable. Before you participate in our program, all program fees and subscription costs will be disclosed to you. There are not any hidden costs.