Our Business debt solution services are specialized services offered by professionals to assist businesses in managing and resolving their debt-related challenges. These services aim to provide businesses with strategies and options to address their debt issues, improve financial stability, and work toward long-term viability.
Stressed Loan & Debt Recovery
If you are facing:
- Harassment from collection agents
- Unable to afford EMI payments
- Missed EMI’s from cards or loans
- Legal notices
Then you have come to the right place. We at FINMOVES are committed to help our customer s overcome their burden of debt.
Stressed Loans mean loan exposures that are in default for more than 60 days or classified as non-performing assets (NPA) or as special mention accounts (SMA). Corporations or businesses face distress and adverse economic scenarios due to their non-performing assets.
The good news is that we are here to take care of your debt worries. We know from experience that many people struggle to find the time, or acquire the skills, to effectively manage their debts and legal issues. With everything under one roof, we have the solution tailored and made for you to save you both time and money.
Business Debt Solution
Personal Debt Solution
Personal debt management for stressed loans involves specialized strategies to handle loans that are at risk of default or financial hardship. Here’s how we help.
- Assessment: Evaluate the extent of the stressed loans, including outstanding balances, interest rates, and repayment terms.
- Communication: Contact lenders to discuss the situation, explain challenges, and explore potential solutions.
- Restructuring: Negotiate with lenders for loan restructuring, which might involve extending the repayment period or adjusting terms.
- Consolidation: Consider consolidating multiple stressed loans into a single manageable loan with better terms.
- Legal Considerations: Understand legal rights and potential consequences, especially if loans are secured by collateral.
- Debt Settlement: In extreme cases, negotiate with lenders for a reduced payoff amount to settle the debt.
Personal debt management for stressed loans requires proactive communication, strategic planning, and determination to regain financial stability and overcome the challenges posed by the stressed loans.
Settlements & Foreclosures
A debt settlement, also known as debt relief or debt adjustment, is an agreement between a lender and a borrower to pay back a portion of a loan balance, while the remainder of the debt is forgiven. We can help you negotiate your settlement to make you debt free without affecting your credit score.Since all settlements are not the same, there are plenty of options that you can explore before considering a settlement. Our expertise lies in understanding which settlements cater to what kind of requirements so we can negotiate settlements that best suit your requirements.
- We negotiate a payment term for you to pay your settlement over time.
- We negotiate a moratorium period on your settlement before you start paying.
- Our legal team will check your settlement letter to ensure that the terms are as agreed, and you are protected from any future claims.
Paralegal & Legal Services
When an individual misses an EMI, creditors start their recovery process, which means that you will experience the following:
- Constant telephone calls
- Unsolicited visits to your home and place of work
- Legal Notices
These acts of recovery are within the RBI guideline, but in most cases from our customers’ experiences, we have discovered that the creditors do cross the legal line and start using harassment and intimidation tactics.
Our legal team will intervene when the creditors start using these tactics, to ensure that your rights are protected.
Other Legal Services
Our panel of Advocates can advise on legal Notices, closing a salary bank account, stopping ECS, lien on the bank account, arbitration hearings and orders, bounced cheques, and Court hearings.
Our Insolvency Lawyers (IL) will set up and manage any unsecured debts under our debt plan if that is the best option. The debt plan is supervised by the IL in which all the unsecured loans are evaluated, by undertaking a full “financial health audit” on all the unsecured loan accounts.
One stop debt & recovery solution
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