What the media says about us
PRESS RELEASE DISTRIBUTION
- 11th Nov 2024
From the shortlist, winners of Fintech Startup of the Year and Scale up of the Year will get a chance to attend globally prestigious events FiNext Conference in Dubai and Money 20/20 Asia in Bangkok.
- 24th Aug 2024
- 24th Aug 2024
- 24th Aug 2024
The #DebtFreeIndia movement is a collective effort to raise awareness about the importance of financial literacy and responsible borrowing. It aims to create a community of individuals who are committed to breaking the cycle of debt and achieving financial independence.
- 23th Aug 2024
With personal debt soaring to Rs 30 trillion and MSME debt reaching Rs 70 trillion, the urgency for financial awareness and responsible borrowing has never been more critical.
- 23th Aug 2024
New Delhi [India}, August 23: “The rapid expansion of digital or APP lending platform has made access to credit easier than ever, but it also increases the risk of falling into debt traps if not managed wisely.”
- 23th Aug 2024
New Delhi [India}, August 23: “The rapid expansion of digital or APP lending platform has made access to credit easier than ever, but it also increases the risk of falling into debt traps if not managed wisely.”
- 23th Aug 2024
“THE RAPID EXPANSION OF DIGITAL OR APP LENDING PLATFORMS HAS MADE ACCESS TO CREDIT EASIER THAN EVER: increases the risk of falling into debt traps if not managed wisely.”
- 21st July 2024
“One of the primary ways we assist our clients is through negotiation and mediation with creditors. We aim to reach mutually beneficial agreements that can prevent the need for litigation or insolvency proceedings,” said Harish Parmar, founder of SingleDebt.
- 2st January 2024
The Year 2023 in the Banking, Financial Services, and Insurance (BFSI) ecosystem was more than a chapter of change; it was a narrative of resilience and foresight, a testament to the sector’s ability to not only navigate but also lead in times of uncertainty and opportunity.
- 2st January 2024
Within India’s ever-evolving business landscape, micro, small and medium enterprises or small and medium enterprises (MSMEs/SMEs) are pivotal drivers in propelling the country’s economic growth.
- 1st January 2024
In the changing world of business-to-business (B2B) transactions it is crucial to handle credit risks to maintain stability and foster long term partnerships.
As businesses increasingly rely on credit-based transactions it becomes essential to evaluate and address the challenges that arise from credit risks.
- 30 December 2023
For both private individuals and commercial entities, debt may be a heavy burden. But owing to creative businesses in India, managing debt is now easier and more effective than ever. This article will look at five Indian firms that are redefining debt relief and giving consumers back control over their finances.
- 30 December 2023
The closing of 2023 signals not just an end but a transition—a segue into what the future holds for diverse industries. From insurance innovations, financial inclusivity drives, digital payment revolutions to debt management dynamics, these companies paint a vibrant tapestry of aspirations and commitments that are set to mold the coming years.
- 20 December 2023
India’s economy relies on SMEs, which drive innovation and jobs. Business-to-business (B2B) management remains a major issue for these organisations’ growth and viability. B2B debt is common in SMEs due to credit sales, late payments, and long credit terms with clients and suppliers. Loan agreements can boost growth and provide a company an edge, but they can also cause cash flow concerns that hurt operations and finances.
- 15 October 2023
- 18 August 2023
RBI Governor Shaktikanta Das launched the portal which has been developed by the central bank to help the public to facilitate and also make it easier for them to search their unclaimed deposits across multiple banks.
- 25 August 2023
You can settle any type of loans — personal, auto, home, education, business or credit card debt. But it is of utmost importance to remain cautious of certain points while taking a decision on settling your loan as it will have a significant impact on your credit score and financial future. How one-time loan settlement works and how you can do it by yourself.
- 18 August 2023
In this interview, SingleDebt Founder Harish Parmar spoke about the company’s personalized debt management strategies and transparent practices are transforming the financial stability of individuals and businesses.
- 18 August 2023
The Reserve Bank of India (RBI) has issued comprehensive guidelines regarding penal charges in loan accounts in an effort to promote fairness, transparency, and accountability in the lending practices of financial institutions.
- 31 July 2023
Peer-to-peer lending or P2P loan is a form of online lending that directly connects borrowers and lenders, cutting out the intermediaries like banks or financial institutions. This alternative financing model relies on digital platforms that match borrowers seeking loans with individuals or institutions willing to lend their money. In this way, P2P lending enables a direct interaction between the two parties involved.
- 24 June 2023
- 20 May, 2023
- 20 May, 2023
- 19 May, 2023
- 22 April, 2023
Many different aspects of your life might be ruined by the burden of debt. Your physical and mental health may both be impacted. Furthermore, it’s crucial to understand that continuing to be in debt can have legal repercussions that could devastate your entire life. The only way to prevent legal action against you is to settle your debts.
How will your case be handled in court if you don’t pay your debts?
- 22 April, 2023
Harish Parmar: My business idea was inspired by my extensive experience in marketing and financial services in the UK, which spans over 40 years. During my 30-year visits to India, I noticed that there was a gap in the Indian market for debt management services.
After offering debt management in India for five years, I observed that the way banks recover debt in India required a different approach, leading the business to adapt their services to better serve their customers.
- 18 April, 2023
- 10 March, 2023
Harish Parmar is a Founder of SingleDebt, a Debt Management Solution Provider. He was born in Surat, Gujarat, India in 1954 and he is the oldest of four siblings.
In 1960, his family and Harish migrated to the UK, where he completed his education and earned a postgraduate degree from The University of Manchester Institute of Science and Technology (UMIST) in 1979. He is married and have two sons who are involved in his family business in India and the UK.
- 28 Jan, 2023
- 24 Jan, 2023
Debt is basically a financial term which is used to explain when a person has borrowed money from another person, party, banks institution who is known as a lender. A Loan or a Mortgage is also considered as debt. And when the loan is not repaid it is considered as a Bad Debt. Debts are usually not being paid on time is because of shortage of funds.
- 2 Feb, 2023
Given how often consumers enjoy using their credit cards to pay for vacations, cell phones, and other items that could have been purchased with wise investments, it turns out to have a catastrophic after-effect. A heap of debt follows. In India, a growing number of people are turning to debt management plans as a solution as they drown in debt, deal with obnoxious harassment, and have their credit scores negatively impacted. Through a variety of tailored plans and, occasionally, by providing solutions, debt management plans to assist in reducing the risk of default. Millennials can benefit from some debt management platforms, including:
- 11 Jan, 2023
- 13 Jan, 2023
- 17 Dec, 2022
Debt. Trap: People today have easy access to credit cards, overdrafts, personal loans, car loans, home loans and other source of funding. The lack of financial discipline often pushes people into debt as they take multiple loans from various sources. If they miss paying their even one EMI, it can cast a slur on credit score.
- 17 Dec, 2022
Managing Debt effectively: 5-point guide to reduce your loan tenures – Create a budget by adding up your essential living costs like food and housing and taking these away from any income such as your wage or other incomes you receive.
- 6 Dec, 2022
Managing Debt effectively: 5-point guide to reduce your loan tenures – Create a budget by adding up your essential living costs like food and housing and taking these away from any income such as your wage or other incomes you receive.
- 11 Dec, 2022
- 24 Nov, 2022
We frequently choose to utilize a credit card when we have an urgent financial requirement, mainly due to us not having the funds at that moment. We may also be using our credit cards to meet our monthly bills, which is good as long as we are able to pay the outstanding in full before or on the date it is due.
- 24 Nov, 2022
Over the previous decade, both the number of borrowers and the total amount borrowed have climbed. Millennials support their expensive lifestyles with short-term loans and credit cards. Since the emergence of simple loans through internet lending organisations, this tendency has gained popularity. People are falling into huge financial messes as a result. SingleDebt has voiced worry that this systematic debt trap has become a normal part of life.
- 22 Nov, 2022
Excerpts of the interview with Harish Parmar, Founder of SingleDebt, first and only company in india to offer affordable debt management solution and legal services for debtors. Harish Parmar shares with TechStory the story of SingleDebt and importance of imparting financial knowledge.
In the interview, he also shares his opinions and concerns regarding increased number of illegal loan activities and debt trap.
- 20 Jan, 2020
Debt is a problem we all deal with in one way or the other. Sometimes our debts take over our lives and we begin to sink in them. Finally we reach a stage where we cannot pay back in time.
Some people brazen it out while others contemplate the extreme measure of taking their own lives.
- 20 Jan, 2020
Mirror delves into the often-seedy world of ‘vasooli’ and finds many tales of lives destroyed by recovery agents unafraid of using tactics that border on extortion and even torture.
I am extremely sorry to those I have hurt knowingly or unknowingly. I am trapped in bad debt and at present I don’t have any money to repay. I have decided to end my life.
We took the initiative to spread their words on awareness about Debt Management Solution in India as per RBI guidelines and the illegal harassment by creditors in India.
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