How to Communicate with Creditors When You Miss An EMI?
Do you know that one well-crafted conversation with your lender could prevent months of stress, harassment, or even legal action? In fact, financial experts are now advising Indian borrowers to proactively communicate with creditors as a first line of defense when you miss an EMI payment. Timely and respectful dialogue—when done right—can lead to revised […]
Remedies Against Harassment by Recovery Agents
Debt harassment by loan recovery agents in India has become a growing concern in recent years. You often face aggressive and unethical tactics from 3rd party recovery agents, including persistent phone calls, threats, and even physical intimidation. This behavior not only violates personal privacy but also causes significant emotional and psychological distress to individuals struggling […]
8 Questions to Answer Before You Pay a Debt Collection Agency
When faced with the prospect of dealing with debt collection agencies, many individuals in India feel overwhelmed and anxious. Recent statistics show that approximately 90 million Indians are currently dealing with some form of debt, which significantly impacts their financial stability. Before you decide to pay a debt collection agency, it’s crucial to ask the […]
Dealing with Rude and Aggressive Debt Collectors: Know Your Rights and Solutions
A staggering 68% increase in customer complaints related to debt collection was reported in the last year alone, highlighting the growing challenges consumers face. When faced with financial difficulties, many individuals encounter the distressing reality of dealing with aggressive debt collectors. Understanding your rights and knowing how to respond can make all the difference in […]
How To Deal With Harassment By Loan Recovery Agents
Loans play a crucial role in financial management by providing individuals and businesses with the necessary funds to achieve their goals. Whether it’s purchasing a home, starting a business, or expanding operations, loans offer a way to access large sums of money that might not be readily available. By borrowing from financial institutions, you can […]
उत्पीड़न (Harassment) और अवैध कर्ज़ वसूली के प्रयासों (illegal debt collection practices) के खिलाफ कदम उठाना
उधारकर्ताओं की सशक्ति (Empowerment of Borrowers) आज के वित्तीय मंजर (financial landscape) में, शिक्षा, व्यवसाय शुरू करने या व्यक्तिगत जरूरतों को पूरा करने जैसे विभिन्न उद्देश्यों के लिए पैसा उधार लेना आम बात हो गई है। इसमें कुछ ग़लत नहीं है। लेकिन कठिनाइयाँ तब उत्पन्न होती हैं जब उधारकर्ता अपने कर्ज़ों को चुकाने के लिए […]
7 Ways to Deal With Debt Stress and Protect Your Mental Health
Do you always feel like you’re under financial strain and drowning in debt? Your entire well-being may suffer as a result of the stress that comes with debt since it can negatively impact your mental health. Regaining control over your life requires addressing this financial stress on both an emotional and financial level. We’ll look […]
Harassment By EMI Vendors Led To Art Director’s Death
Finance officers of loan companies can sometimes contribute to severe mental stress in people through various actions and practices. It’s important to note that while some individuals in these roles may engage in questionable or unethical behavior, not all finance officers or loan companies are involved in such practices. Today we have heart-wrenching news on […]
The Importance of Seeking Help When You’re Unable to Pay Your Debt
Pay Your Debt Consumer debt levels have expanded in each class, however, home loan, vehicle, and Mastercard debts were the greatest driver of the general increment. People are forced to take loans, which makes them spend more than they earn. High inflation and financial stress brought on by the pandemic are increasing household debt, particularly […]
What Is Loan Restructuring & How Can It Benefit You
The procedure of loan restructuring might be initiated by extending the loan’s maturity date, with or without modifying the interest rate. The principal payable amount is spread out over an extended payback term in this technique, which relieves borrowers by lowering the EMI load. Another loan restructuring option that can assist a troubled borrower is […]
