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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.

SingleDebt is a debt management firm that provides a cost-effective debt management solution. The programme is designed specifically for individuals who are struggling with debt and searching for a trustworthy method to pay it off. The name represents a vast array of reasonably priced, skilled, and complete services.

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.

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:

Most people are borrowing to finance their consumption needs. While banks and financial institutions increased their focus on retail lending in the last decade amid a softening interest-rate regime, the present era of rising rates may throw some challenges. NBFCs may find it difficult to replicate past growth, and borrowers will now be laden with high-cost debt.
Most people are borrowing to finance their consumption needs. While banks and financial institutions increased their focus on retail lending in the last decade amid a softening interest-rate regime, the present era of rising rates may throw some challenges. NBFCs may find it difficult to replicate past growth, and borrowers will now be laden with high-cost debt.

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.

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.

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.

Demand for senior professionals in compliance, risk, finance and legal has witnessed a massive surge in the past one year, with frequent tightening of rules leading to the need for higher levels of scrutiny and compliance.

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.

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.

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.

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.

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.

PRESS RELEASE

PRESS RELEASE

What Our Client Say's About Us

Dharmesh RathodDharmesh Rathod
12:11 13 Jun 22
Very professional service...They try to handle every calls. Adv Bhavin has given me good service.They are very cooperative and always available for your queries.
Bhavani SBhavani S
08:30 13 Jun 22
Singledebt Paralegal team, he is so supportive and he talks to creditors on our behalf and solve our mental stress. He can also help speaking in Tamil language. Nice experience to have single debt and helpful. All other representative are all supportive.
nishant malaninishant malani
11:26 11 Jun 22
Single debt provided very good service..they timely help to those people who can not pay loan due to any reason...please advise to those people if they can not pay loan ...please take service from single debt to escape pain from bank
PERUMAL APERUMAL A
05:45 11 Jun 22
Hello All,I just want to Contact single Debit team to Francis Para Legal Team and Logand Financial adviserHe is very unique persons amongst the entire team. He is very professional at his work while talking to creditors and the way he use his strategy to convince very positive way.His strength is "Talk little and convince Quickly". I have seen many other Para legal advisors but Francis is different.There was a situation for me to discontinue services from Single Debt due to no one is getting connected at one point of time while getting harassments from creditors, That's when this Brilliant guy got in touch and handled my situation very peacefully and now I'm rest assured.I really want to take this appreciation to his Team leaders, Managers and the Single Debt Management to Identify his efforts and professionalism towards his work and take him up in his future promotions/carrier development's etc... He is the biggest asset from para legal team to Single Debt.Thank you
Nikhil AgrawalNikhil Agrawal
13:14 10 Jun 22
I have been using single debt service since last 3 months. Its good not that bad. you will not lose your self confidence when you are fighting alone with debt crunch. you will feel someone is there behind me. some problems you have to face alone which you cant ignore it. harassments will come from bank side because they are not getting their full amount but you will be guided by single debt how to avoid legal action.
THOKALA RANJEETH REDDYTHOKALA RANJEETH REDDY
13:43 31 May 22
I am a customer of Singledebt team for around 2 months now Its been a great experience till date.My account manager is Ashi.As part of customer onboarding they explained every detail of services. Almost had calls with them to understand services and they patiently answered all my questions. Thank you customer support team.Account management team and legal team always address the notices and intimations. Guided wherever required. Thank you account management and legal team.
David TalariDavid Talari
06:05 26 May 22
I really appreciate services from Single debt the way they guiding and taking responsibility especially Mr.Praful is our account Manager done his job by interacting with paralegal team .Thank you very much to Praful sir and his team honest reply I appreciate for his follow up even Sunday as well
Syed SaleemSyed Saleem
07:29 25 May 22
I am really thankful the the team single debt. They really made a brilliant service towards the public who is on a huge debts by banks. I am really thankful the person Mr. irfan Sheikh sir. Who is guiding me to be in peace from this bank harrasment, who is friendly and emotionally advice me everytime. he and the other remaining people like Mr. Ruzario Fernandez sir. Who is also very good at handling everything regarding settlements. I genuinely suggest people for single debt. But please be honest for yourself not for the fraud people. I wanted to write down more but am really wordless for these people. Thank you to the entire team Single debt.🙏
Rahul RajRahul Raj
05:58 20 May 22
Due to a fraud i was facing facing financial crisisA big THANK you to Single Debt who are helping to face the harrassment by collection agenciesI am glad i enrolled with Single Debt around 2 months and till now i am satisfied with the service.Thanks to my acc manager Ashi, who replies promptly and is very helpful. I also would like to thank paralegal legal team who always support and provide proper solution to deal with misbehaving of collection agent.Also thanks to the legal team who also support and patiently reply all my mails and messages.Thank to single debt team and hope you will support me further to overcome from this asap
faisel majeed wanifaisel majeed wani
04:59 23 Apr 22
Thanks to single debt.This is the best solution when you are in debt trap .All calls from creditors are handled by single debt. I m using this service from last one month, they are dealing with creditors in a professional manner. Thanks to single debt you helped me a lot.
Amrita GoswamiAmrita Goswami
09:19 28 Mar 22
Great counseling and a very efficient team. They go beyond working hours and technical limitations to assist you! I owe it to them for getting back to life! Any problem, we have your back ...is how they assure and assist clients. So far they have been extremely helpful!
Dharmesh RathodDharmesh Rathod
12:11 13 Jun 22
Very professional service...They try to handle every calls. Adv Bhavin has given me good service.They are very cooperative and always available for your queries.
Bhavani SBhavani S
08:30 13 Jun 22
Singledebt Paralegal team, he is so supportive and he talks to creditors on our behalf and solve our mental stress. He can also help speaking in Tamil language. Nice experience to have single debt and helpful. All other representative are all supportive.
nishant malaninishant malani
11:26 11 Jun 22
Single debt provided very good service..they timely help to those people who can not pay loan due to any reason...please advise to those people if they can not pay loan ...please take service from single debt to escape pain from bank
PERUMAL APERUMAL A
05:45 11 Jun 22
Hello All,I just want to Contact single Debit team to Francis Para Legal Team and Logand Financial adviserHe is very unique persons amongst the entire team. He is very professional at his work while talking to creditors and the way he use his strategy to convince very positive way.His strength is "Talk little and convince Quickly". I have seen many other Para legal advisors but Francis is different.There was a situation for me to discontinue services from Single Debt due to no one is getting connected at one point of time while getting harassments from creditors, That's when this Brilliant guy got in touch and handled my situation very peacefully and now I'm rest assured.I really want to take this appreciation to his Team leaders, Managers and the Single Debt Management to Identify his efforts and professionalism towards his work and take him up in his future promotions/carrier development's etc... He is the biggest asset from para legal team to Single Debt.Thank you
Nikhil AgrawalNikhil Agrawal
13:14 10 Jun 22
I have been using single debt service since last 3 months. Its good not that bad. you will not lose your self confidence when you are fighting alone with debt crunch. you will feel someone is there behind me. some problems you have to face alone which you cant ignore it. harassments will come from bank side because they are not getting their full amount but you will be guided by single debt how to avoid legal action.
THOKALA RANJEETH REDDYTHOKALA RANJEETH REDDY
13:43 31 May 22
I am a customer of Singledebt team for around 2 months now Its been a great experience till date.My account manager is Ashi.As part of customer onboarding they explained every detail of services. Almost had calls with them to understand services and they patiently answered all my questions. Thank you customer support team.Account management team and legal team always address the notices and intimations. Guided wherever required. Thank you account management and legal team.
David TalariDavid Talari
06:05 26 May 22
I really appreciate services from Single debt the way they guiding and taking responsibility especially Mr.Praful is our account Manager done his job by interacting with paralegal team .Thank you very much to Praful sir and his team honest reply I appreciate for his follow up even Sunday as well
Syed SaleemSyed Saleem
07:29 25 May 22
I am really thankful the the team single debt. They really made a brilliant service towards the public who is on a huge debts by banks. I am really thankful the person Mr. irfan Sheikh sir. Who is guiding me to be in peace from this bank harrasment, who is friendly and emotionally advice me everytime. he and the other remaining people like Mr. Ruzario Fernandez sir. Who is also very good at handling everything regarding settlements. I genuinely suggest people for single debt. But please be honest for yourself not for the fraud people. I wanted to write down more but am really wordless for these people. Thank you to the entire team Single debt.🙏
Rahul RajRahul Raj
05:58 20 May 22
Due to a fraud i was facing facing financial crisisA big THANK you to Single Debt who are helping to face the harrassment by collection agenciesI am glad i enrolled with Single Debt around 2 months and till now i am satisfied with the service.Thanks to my acc manager Ashi, who replies promptly and is very helpful. I also would like to thank paralegal legal team who always support and provide proper solution to deal with misbehaving of collection agent.Also thanks to the legal team who also support and patiently reply all my mails and messages.Thank to single debt team and hope you will support me further to overcome from this asap
faisel majeed wanifaisel majeed wani
04:59 23 Apr 22
Thanks to single debt.This is the best solution when you are in debt trap .All calls from creditors are handled by single debt. I m using this service from last one month, they are dealing with creditors in a professional manner. Thanks to single debt you helped me a lot.
Amrita GoswamiAmrita Goswami
09:19 28 Mar 22
Great counseling and a very efficient team. They go beyond working hours and technical limitations to assist you! I owe it to them for getting back to life! Any problem, we have your back ...is how they assure and assist clients. So far they have been extremely helpful!
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