Absolutely, if you get a harassing call after you have started our program, all you need to do is inform your personal counselor and he/she will put an end to it. Yes, if people get calls after linked with our service, all they need to do is just contact our financial advisors who will make a good end to it.
Yes, in most of times. Also, Please note that, there are many factors when dealing with a mortgage company and real estate. So if your mortgage is delinquent, call us immediately. We have many years of experience saving peoples' homes, and as a result, we are one of the few credit counseling companies who will help with mortgages. If you are behind on your mortgage payment it is better to come to us before you are in foreclosure.
But if your mortgage is offending or wrong, please inform us asap. Because we have many years of experience in saving people’s houses and as a result, we are one of the few credit counseling companies who will guidance in terms of mortgages.
Answer is simple, as similar as the above ones, but here it is a car.
Most creditors will do far more for CIBIL Problems than for any individual. Most will reduce interest, sometimes to 0%, drop late charges and over limit fees. This will make a significant difference as well as how you jumped out of your debt quickly.
Let's say you owe Rs 10,000 in credit card debt and you, like 50% of all consumers, are making minimum payments on credit cards that have an average interest of 21%. It would take you 32-35 years to pay them off and cost you over Rs 50,000.
CIBIL Problems 's clients pay off their debts in 3-5 years, depending on individual circumstances. Not only do most creditors reduce their charges, which greatly speed up paying them off, but when one of your creditors is paid off, we take that payment and send it to the most expensive remaining creditor. That way, your program snowballs to greatly reduce your time in debt.
It completely depends on how your credit card looks like now. If have bad credit, CIBIL Problems can help. If you are lacking or behind on some payments, after getting touch with innovation services most of your creditors will bring up to date accounts and that can only improve your credit rating. All creditors would rather see you with a credit counseling agency instead of filing for bankruptcy. Though you have better credit while you start the program, initially your credit report may show some late payments during the set up of the program. Also if you stick to the plan, your credit will grow in good shape, showing paid in complete debt and on time payments
Our Service to You
CIBIL Problems is one of the very few credit counseling agencies that has the expertise to handle all kinds of debt including secured debt (mortgages, car loans, etc.), not just credit cards.
When you first call, your personal counselor will be assigned to you. You need to have touch with this counselor as long as you need him/her. You will never be given to the "next available person" when you call.
Your counselor will analysis your income, living expenses, and all debts in order to arrange a program especially for you. As we mentioned earlier, when you connected with CIBIL Problems we will contact your creditors and arrange a program for payment that you can afford and we will get rid of your debts about 5 times faster than you would by yourself.
Personalized Payment Plan
Your counselor will begin a payment program to you that can be whenever you like. It can be monthly or every payday whichever you prefer. Whichever you finally choose, it can be automatic, so you'll never have to worry about payments gain.
What are CIBIL Problems?
CIBIL Problems offers a fresh approach to dealing with financial difficulties and unsecured debts. We are proud to be the India's largest provider of free debt solutions, including free debt management plans and Individual Voluntary Arrangements Tried and tested debt solutions.
With 3 years’ experience, CIBIL Problems has successfully helped people deal with their debt problems. Every year, we help, advise, support and provide solutions to more than 8,000 people so far.
Our debt management will reduce your monthly repayments up to 70%. Your current credit cards, loans and other issues in debts are consolidated into one monthly payment at affordable prices.
Benefits of debt management:-
Payment levels depend on what you can afford, not how much you owe.
Payment for one month.
Your hassle will be reduced. You make one affordable payment to us and we make payments to all your creditors.
We will deal with your creditors. If you get fan mail and phone calls from your creditors and debt collection agencies. Please inform us – we’ll deal with it.
If your financial situation becomes little bit bad- you can lower or raise your debt management plan payments accordingly.
There are no late payment charges
Your payments will now be made on time. We may be able to make your future interest charges lowered - or even frozen.
Until you have paid your debts in full. If you are making less payments, this will lead to longer time than the original credit agreements and sometimes occur addition interest costs as the credit agreement is longer. However, normally interest charges are frozen when a debt becomes part of a debt management program.
As you are a part of our initial consultation, we will provide you an estimated plan which is affordable to you. Also , Please understand that a debt management plan will not come to an end quickly.
Clearly No, Because You do not make a contract with us. Only a statement that allows us to contact your creditors on behalf of you. Most of our clients get into our debt management program as a temporary measure. For eg, when one member of the household for a period of months is between jobs. When household income returns to previous levels, you can return by paying your debts at the previous rate. This can be done in two ways, directly to your creditors or make increased payments through us
Also you can also discard your debt management plan at any time without charge. But a small request, you want to give us 2 weeks written notice.
It depends on your ability to pay based on your income and essential outgoings, not the total debt or current repayment levels. We tally with your creditors a reasonable amount you can afford allowing for some left over for emergencies.
You will receive a statement from your creditors. This statement will show the paid amounts made by us on behalf of you. Also , you will get a statement every 3 months that shows all transactions on your debt management account with us.
No, we will not lend you money or pay off your debts to your creditors. A debt management repayment plan paves way to repay your loan and credit card debts at an affordable rate. If you are not making pavements according to this plan, we will not make any payments to your creditors and they have every right to take legal action against you, not us.
No. We do not lend you any money, therefore we do not need to credit check you.
Yes. You can even use the plan to make payments against any existing CCJ's that you have. But make sure that we know exactly what your current position is when you speak to us before coming on plan.
No. to be accepted , you only have a huge amount of income above what you need to live on of atleast. This huge amount must be less than needed to meet current credit and loan repayments.
According to us, it has always been honest with your partner. But, when comes to partner you have to tell if you have joint debts and/or you need your partner’s income to be taken into account to support the plan.
No, your unsecured debts and potentially some other outstanding debts are covered by a debt repayment plan
Legally, creditors are no need to accept offers of repayment below the contracted minimum. But they clearly know it is not good in demanding money from someone who can’t afford huge amount. In our experience we realized that they will accept reduced repayments where we are able to do your offer is reasonable and then you are committed to repay your debts by use of the debt Management Company such as ourselves
Your credit rating will be adversely affected, if you don't make contracted repayments on your unsecured debts. However, your credit rating may already not satisfied such as arrears or a history of missed or late payments. So the long term is the only way to fix bad credit by repaying your debts. That’s why we are here to design your debt management plan.
Yes, It will given by the creditors to protect their own legal position.
Sorry to say, we cannot guarantee that your creditors will not take further steps; sometimes they seek court to recover debts from you. But, if they do, we will surely help you to repay your debts within your ability.
When your debt repayment plan is being set up. Creditors may continue to take action to recover your debts. Please don’t avoid them. Attend the calls politely, informing creditors that you have fixed an appointment with innovation services to act on your behalf. Also please forward any letters to us to deal with on your behalf. Normally, creditors are synthetic to those in difficulties and doing what they up to maintain reduced payments by using a debt management company.
As the Debt Management plan is an informal program, It is quite easy to change it as your personal circumstances change. Also you can replace it with an alternative arrangement if it becomes more appropriate in future
One of my creditors say they will take me to court if I use a debt management company?
Legally, creditors can’t refuse payments via a debt management company and then take you to court for non-payment. Normally, your bank as well as other creditors will soon turn their attention to chasing those currently paying nothing, rather than people clearly with hardships. But the key thing from your point of view is to repay what they can afford.
fill out our enquiry form to the left and we will help you too.
Even if you have defaults, a poor credit rating or CCJs our professional advisors can provide a solution tailored to your personal situation that will clear all that you owe.
We have helped many, many families, couples and individuals better their lives, relieve their stress, and get a good night’s sleep.
Fill out our simple no obligation form on the left to be contacted by an expert debt consultant.
What We Can Do For You
How do we do this?
At CIBIL Problems, our Counselling teams obtain the necessary details of your current financial position and income. Our experts will then thoroughly analyze your situational and circumstantial inputs, to then create a detailed report (Assets / Liabilities, Income / Spending, Stress Levels, Availability / Affordability).
This will then help us to arrive at a tailor-made solution for you. From here, we will begin communicating and initiate negotiations with your creditors, while counselling you on money management. There is legal help on offer, if required through our approved partners.
At the end of this Counselling & Review process, we finally present you with a comprehensive Debt Management Program (DMP) tailored to your needs.
In return, the consumer must agree to make timely payments, and ensure there is a conscious moratorium on spending & usage on credit cards.
For the consumer, CIBIL Problems will be a one stop shop not only for all the debts but for the entire process of each debt. Starting from negotiation, to closure or settlement, and to post-closure or post-settlement in terms of credit history rectification.
Last and most important, the consumer benefits as they will be able to structure one’s financial life with a more disciplined and stress-free life.