Credit Card Settlement

Priya's Credit Card Debt Relief: ₹3L to ₹1.2L

Priya was drowning in credit card debt. See how we helped her reduce it by 60% and stop collection calls forever.

11 December 2024
4 min read
Priya's Credit Card Debt Relief: ₹3L to ₹1.2L
P

Priya Sharma

Delhi

₹3,00,000
Original Debt
₹1,20,000
Settled For
₹1,80,000
Total Savings
60%
Savings %

Priya's Credit Card Debt Settlement Success

Priya Sharma, a marketing professional from Delhi, was struggling with credit card debt across multiple cards. The high interest rates and minimum payments were trapping her in a cycle of debt.

The Challenge

Priya had accumulated ₹3,00,000 in credit card debt across 4 different cards. The interest rates ranged from 24% to 36% annually, making it impossible to pay off the principal amount.

Our Solution

We worked with Priya to negotiate with all her credit card companies simultaneously. Our approach included:

  • Comprehensive debt analysis and documentation
  • Strategic negotiations with each creditor
  • Legal protection from harassment
  • Structured settlement payment plan

The Result

We successfully reduced Priya's debt from ₹3,00,000 to ₹1,20,000 - a 60% reduction. She saved ₹1,80,000 and is now completely debt-free.

Key Takeaways

  • Credit card debt can be negotiated significantly
  • Multiple creditors can be handled simultaneously
  • Professional negotiation yields better results
  • Legal protection is crucial during the process

Quick Stats

CategoryCredit Card Settlement
Published11 December 2024
Read Time4 min read

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