CHOOSING THE JUDICIOUS WAY OF SETTLING DEBTS

By SoftSettle Support

Usually, we used to witness a scenario, where debtors may sometimes fail to serve regular obligation like installment repayment against the loan/debts he received from the creditor, become subject to experience tormenting harassment from their creditors or their authorized collection agencies, mentally go down and even they start thinking of doing something drastically which may be normally adverse to their personal as well as family life.
In India, it has become an usual phenomena or we better call debts have already started creating a phobia among all types of borrowers, whether they are farmers, businessmen, students etc. and in the end of the day (means with the pressurization or pesterrisation or with the adoption of harassment techniques from the part of the creditors like debt recovery in the form of attaching land, houses and what all dearest to the borrowers) they may decide to put an end to their life. Ironically these suicide trends have become one of the best marketing elements for print as well as visual media as their prime strategy.
It is well-established that the majority of the world’s economy is based upon a system of credit and, currently, there are a significant number of people and other types of entities (governmental and private) who are in debt or base their operations largely upon the availability of credit. A significant percentage of debts are in the form of unsecured debts, which are usually substantially more difficult to collect in comparison to secured debts. Generally speaking, the creditor is typically the more dominant party in the debtor/ creditor relationship and is oftentimes unwilling to go through a process of negotiating the settlement of a debt, especially where a debtor is difficult to track down. For a debtor, the experience of having a debt being collected from them is very stressful and oftentimes, is felt as a form of harassment. Therefore, it would be desirable to provide a negotiating or arbitrating platform that achieves a semblance of equality between the debtor and the creditor and provides flexibility, and yet some assurance, in the collection and repayment of debts. Additionally, it would be desirable that the platform be user-friendly and fully automated in order to relieve the debtor and creditor of a direct line of communication and having to expend significant resources and energy in achieving a settlement of the debt.
SoftSettle Support has devised a product SS-Equity (FDR), primarily facilitates the interaction between the debtor and creditor to come out with offers and counter offers which would ultimately soften their bitter relationship and further the product SS-Equity (FDR) is also capable of resolving issues related to debts in a more peaceful, collaborative and intelligent way using soft technologies leading to a society managed by Robotic Justice which is going to be the future justice.
SS-Equity(FDR) is treated to be a virtual neutral and it reconciles the interests of the parties and the collaborative attitude of the parties are also taken into consideration so as to come out with a decision which is used to be a win-win proposition.
Soft Settle’s features like early intervention, middle level intervention and final level intervention make it possible for disputants to take control and quickly reach a fair settlement out-of-court. Your time is valuable. If your case doesn’t interrupt your life and settles much sooner via Soft Settle, you can assess the extent of worthiness of the technology developed by SoftSettle Support.

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