World Loan Resolution Council
Home / World Loan Resolution Council
World Loan Resolution Council
Comprehensive Loan Settlement Solutions
Financial hardships can strike unexpectedly, leaving individuals and businesses struggling to manage their loans. At World Loan Resolution Council (WLRC), we specialize in negotiating loan settlements, helping borrowers resolve their debts with banks and financial institutions in a legally compliant and structured manner.
Loan settlement is an alternative to bankruptcy, where borrowers negotiate with lenders to reduce the total outstanding amount. This process prevents legal complications, financial penalties, and severe credit damage, allowing individuals and businesses to regain financial stability.
Types of Loans We Handle
At WLRC, we provide expert legal and financial solutions for various types of loan settlements, including:
1. Personal Loan Settlement
- Unsecured loans that are difficult to repay due to financial hardship.
- Negotiation with banks to reduce the outstanding balance and close the loan account.
2. Credit Card Debt Settlement
- High-interest credit card debt that leads to excessive financial burden.
- Settlement strategies to negotiate a one-time payment to clear dues.
3. Business Loan Settlement
- Resolution strategies for businesses experiencing severe financial losses.
- Loan restructuring options for secured and unsecured business loans.
4. Home Loan & Mortgage Settlement
- Loan restructuring for home loans and mortgages to avoid foreclosure.
- EMI restructuring plans to prevent asset seizure under the SARFAESI Act.
5. Auto Loan Settlement
- Assistance in negotiating reduced EMIs or settlements in case of inability to pay.
- Strategies to prevent vehicle repossession by banks.
6. Education Loan Settlement
- Settlement assistance for students struggling with unsecured education loans.
- Loan restructuring for secured education loans with extended EMI options.
Our Loan Settlement Services
At WLRC, we provide legal, financial, and negotiation support to ensure fair settlements while safeguarding borrower rights. Our services include:
1. Debt Negotiation & Loan Settlement
- Negotiation with lenders to reduce the loan principal or waive penalties.
- Legal representation to ensure fair and lawful settlement terms.
- Documentation assistance to ensure proper closure of the loan account.
2. Loan Restructuring & EMI Reduction
- Loan restructuring to modify repayment terms and extend loan tenure.
- Lowering EMIs to make loan repayment more manageable.
- Assistance in RBI-approved restructuring programs for struggling borrowers.
3. Credit Counseling & Debt Consolidation
- One-on-one financial counseling for debt management.
- Debt consolidation solutions to combine multiple loans into a single, lower-interest loan.
- Strategies to rebuild financial stability and improve CIBIL scores.
4. Anti-Harassment & Legal Protection
- Protection from aggressive recovery agents violating RBI guidelines.
- Filing complaints against banks violating debt collection laws.
- Legal recourse for unfair or unethical collection practices.
5. Regulatory Compliance & Legal Advisory
- Assistance in understanding RBI guidelines on loan settlements.
- Legal advisory for settlements involving NPAs, secured loans, and foreclosure cases.
- Representation in court for loan-related disputes.
- When Can Loan Settlement Begin?
- They have defaulted on multiple EMIs and are officially classified as a defaulter.
- They are facing severe financial distress due to job loss, medical emergencies, or business failure.
- All collection methods have been exhausted, and banks are willing to negotiate.
- Their loan account is classified as a Non-Performing Asset (NPA) by the bank.
RBI Guidelines on Loan Settlement
The Reserve Bank of India (RBI) has strict guidelines regarding loan settlements:
Compromise Settlements: RBI allows banks to enter settlements with borrowers under financial distress.
Approval Process: Bank officials involved in sanctioning the original loan cannot approve the settlement.
Reporting to CIBIL: Settled accounts are reported to credit bureaus, affecting credit scores.
NPAs & Legal Implications: Loan settlement is primarily available for NPA accounts
Fraud Detection & Prevention:
Detecting and preventing financial fraud through advanced algorithms and machine learning, focusing on identifying suspicious activities and mitigating risks in real-time.
Anti-Money Laundering (AML) Compliance:
Assisting businesses in adhering to AML requirements by creating policies, conducting compliance audits, and reducing exposure to money-laundering risks.
Risk Assessment:
Conducting comprehensive risk assessments to identify vulnerabilities in financial transactions, providing strategic guidance to mitigate potential threats.
Collaboration with Law Enforcement:
Working with law enforcement agencies to offer digital forensics, data recovery, and legal assistance for cyber investigations.
