Providing clarity on frequently asked questions
How Does It Work?
Once you are in contact with SolvFree Programme, you deposit a certain amount each month into a Special Purpose Account run by our company in India. Your initial assessment will establish how much you save each month based on your financial goals, total enrolled debt, and affordability. We negotiate fair settlements with your creditors and collectors for each of your accounts as your funds accumulate. You will be called to provide your approval before any money is transferred once a creditor settlement has been completed. You will go through this process again until you are debt-free.
How will I Know if Debt Resolution Is The Best Option For Me?
SolvFree resolution programme is a fantastic option for those who have a lot of unsecured debt and are struggling financially as a result of losing their job, receiving a wage cut, experiencing an emergency, etc. Our programme might be appropriate for you if you are falling behind on your loan or credit card payments, are having trouble managing your personal finances, and the balance on your loans or credit cards keeps rising.
How much time it takes to settle the loan?
Settling the loan may vary on your savings but usually, it takes an average time of 12 to 18 months(for Personal Loans) and 6 to 12 months(for Credit Cards).
Will I be charged interest and late fees on my loans?
Your creditors will continue to add interest and late fees to your account. However, at the time of Resolution, you will still end up paying less than the outstanding amount you had at the time of enrolment into the program.
How do I handle the calls from the bank or recovery agent?
You may continue to get calls from the bank or recovery agents. However, do note that they are bound to follow certain code of conduct as laid down by RBI and Supreme Court of India. You can redirect the calls to our team and our legal team will handle the communication as per the laid down guidelines and laws of the country.
What types of debt can SolvFree help me with?
Most of your unsecured debts(not backed by a collateral)can be enrolled.If the majority of your debt load consists of Personal loans,Credit cards and other unsecured loans, you can get the best results from the team of SolvFree.
Hi team
I would like to appreciate the team why I’m saying because I’m facing financial issues last 4 months and I’m unable to pay my emi and getting calls from
Recovery agents and they are harassing me after that I contacted with solvfree team and they start helping me and now I have settled my 2 loans out of 4 and this month they solve my rest loan settlement.
Thanks so much giving me your best service.
I have been in touch with advocate Gunjan of #SolvFree for my bank settlement and she is always available to answer my questions and concerns…She has a thorough knowledge of the law and always gives me a perfect solution. Above all I am thankful to the services provided from time to time and hope to continue the timely journey.
I recently had the pleasure of working with the SolvFree team for my loan settlement, and I am thoroughly impressed. Their service was not only timely but also highly efficient. From start to finish, the team was professional, transparent, and committed to ensuring a smooth process. They addressed all my concerns promptly and provided clear guidance throughout. I am extremely satisfied with their support and would highly recommend SolvFree to anyone in need of reliable loan settlement services. Thank you so much for your exceptional service.
