Debt Resolution Management Services
Debt resolution Management is simply another name for debt settlement, which is sometimes known as "reducing debt," "debt adjusting," or "debt negotiation," all of which we specialized in.
Champs Enforcement Services specializes in debt collection. That means we listen to your unique circumstances, figure out how much debt people owe, and then negotiate with your creditors on your behalf to ask them to forgive, settle, or negotiate a better offer.
Debt Resolution Management Services Team
We Undertook
Legal Sealed Under SARFAESI Act. Due to Home loan is under default. Such Activity we perform by us legally
Personal loans
-Credit card debts
-Cell phone and utility bills
-Apartment leases and some mortgage balances
-Private student loans
-Medical bills
-Car loans
-Unsecured lines of credit
-Secured Loans
-MSME Loans
-Accounts in collection
-Payday loans
One-time settlements - Our Expertise (OTS)
- A one-time settlement, also known as an OTS, is a sort of compromise settlement that banks use to recover non-performing assets (NPAs). One-time settlement is a plan in which the defaulting borrower proposes to pay off all of his or her debts at once, and the banks agree to take a lower sum than what was originally due.
- Banks settle the debt and waive/write it off against a one-time payment, sacrificing a portion of their earnings in the process.
- Banks settle the loan debt and waive/write it off against a one-time payment, compromising a portion of their profits in the procedure.
Terms of payment: The settlement amount will be paid in one lump sum.
- If a lump sum payment is not possible, at least 25% of the settlement amount must be paid upfront, and the remaining 75% must be paid within 3 months after the Bank approves of the OTS proposal, with interest at IVRR (basic) from the date of settlement to the date of final payment.
- Please find the URL of RBI
- https://www.rbi.org.in/scripts/BS_ViewBulletin.aspx for more info.
- For many years, our Debt Resolution division has assisted clients in obtaining debt relief.
- We've grown to become the most trusted name in debt relief across our region, from the very first customer we supported with loan repayment to the hundreds of families we've helped subsequently.
- When you use our exclusive debt settlement service, Debt Resolution has built contacts with every major creditor in Maharashtra, Goa and Gujrat; valuable associations that save you crores of rupees in outstanding accounts.