Services

FAQs

How can I determine whether Debt Relief or Loan Settlement is the best choice for me?

Debt relief goes beyond just lowering the amount you owe; it involves completely eliminating your debt so you can enjoy a life free from financial burdens. If you find yourself living from one paycheck to another due to your debts, or if you're already struggling to keep up with your monthly bills, it's likely that you are in need of debt relief.

What types of debt can LMB help me with?

Most of your unsecured debts (not backed by a collateral) & secured debts like home loan / loan against property can be enrolled.

Contact us for a free consultation today.

How does Debt Relief or Loan Settlement affect my Credit?

Failing to pay your credit dues or only making the minimum payment on your credit cards each month can have a detrimental effect on your credit score. LMB’s Debt Relief Program might influence your credit score, depending on the specific program for which you qualify. While LMB’s Debt Resolution Program is likely to adversely affect your credit score and rating, your score should steadily improve once your debts are resolved. Conversely, if you are eligible for LMB’s Debt Consolidation Program, your score will not be negatively impacted; instead, it will begin to improve.

How much does Debt Relief Cost?

The price of debt relief can differ based on the program for which you are eligible. Factors such as your financial situation, amount of debt, ability to pay, and objectives can greatly influence the cost of Debt Relief for you. Nevertheless, we completely recognize that individuals seeking debt relief should not bear any additional financial strain. LMB’s Debt Relief Programs are designed to guarantee that even after our fees are covered, clients can significantly reduce their overall outstanding debt.

How much will I save with LMB's Debt Relief?

The amount you can save with LMB’s Debt Relief Programs is influenced by your debt amount, your financial situation, your overall financial profile, and your financial objectives. Depending on which Debt Relief Program you are eligible for, you could potentially save between 10% and 30% on your monthly EMIs, or up to 50% on your total debt burden.

Will I be totally debt-free after graduating from a Program on LMB's Debt Relief Platform?

The aim of this program is to promote responsible financial habits and enhance credit awareness among our clients. Although many businesses flourish through repeat customers, at LMB, we prefer to avoid repeat business.

What is the difference between the Debt Settlement Program and Debt restructuring Program?

The Debt Settlement Program and the Debt Restructuring Program are two forms of debt-relief from LMB,Both these programs cater to customers that are in different phases of their struggles with debt. LMB’s Debt Settlement Program is the last resort for financially distressed customers, who are burdened by unmanageable debt. If you’re unable to make payments towards your debt but have a strong intent to get rid of your debt, our Debt Settlement Program can help you start fresh and regain your financial LMBom. Our Debt Restructuring Program on the other hand is a preventive measure for customers, who over-leveraged with debt. Living paycheck to paycheck by making minimum payments on your debt means you’re one unforeseen expense away from being in a debt trap and delinquency. Our Debt Restructuring Program helps relieve your financial burden by reducing your EMI through lower interest rates and/or longer tenure.

Are there any hidden fees?

LMB's Debt Relief Platform is completely transparent and fair and we have designed a simple and better way to deal with debt. Any program fees or subscription fees that you'll have to pay will be declared before you enroll into our program. There are no hidden fees,however the actual expenes may differ based on the conditions of your loan as well as the prevailing legal and financial conditions

Are the services legal?

In our view, there is no law currently in effect in India that hinders you from obtaining financial or legal advice concerning your debt. We also want to clarify that we do not make any claims of representing any bank, financial institution, or government agency. Additionally, we do not provide any guarantees regarding results, as they may differ based on your individual case and circumstances.

How to get started?

Service Lifecycle

How We Operate

Consultation

Expert debt advice offered to assist individuals and families in navigating their financial challenges. Our team provides personalized consultations aimed at managing current challanges through negotiations or legal recourse. With years of experience in the field, we aim to empower our clients with the knowledge and tools necessary to regain control over their financial future.

Negotiation

Debt terms are effectively negotiated, resulting in a more favorable agreement for all parties involved. This new arrangement allows for greater flexibility in payment schedules, reducing overall financial strain and ensuring that a peaceful conclusion is achieved for managing the current issues at hand

Credit Reconstruction

We help you in restructuring your credit profile, enabling you to seek more profitable financial transactions as well as better loan terms in the future. Our dedicated team of financial experts works closely with you to identify areas for improvement and make strategic adjustments.

Support

Debt management is not a destinantion but a journey. and to help you cover this journey successfully e offer you continuous ongoing assistance provided.We understand the complexities of credit management and are committed to providing you with the necessary tools and resources to enhance your financial standing. With our assistance, you can confidently navigate the lending landscape and secure advantageous agreements that suit your personal or business needs.

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