SoftSettle Support
If you need a few years to complete a settlement program, you will often find you should not even start down the settlement path and even lead the debtors seriously to a stage of bankruptcy instead.
Creditors, may be you are having different intentions, say interests from the part of the debtors gets accrued, declining repayment spirits of the debtor which ultimately lead the Creditors to more offensive or debtors falling in the debt trap may be willing to transfer his prime properties to creditors could be major agendas behind such intentions of the creditors.
Hence the ultimate thing you can do is take the debtors to court and make a claim. Prior to taking the debtors to the court, the creditors must send the debtors a warning letter. The warning letter should disclose that unless the debtor pays back what they owe, creditors will start legal action with a certain amount of time. The letter can either be a default notice or letter before action. It is the beginning of the delay of the settlement or it may be a denial of justice.
The natural justice is that both creditor and debtor have a duty to try and sort out the case without going to court. As everybody knows, the debtor would make every effort to reach an agreement with his creditor to pay back what he owe sooner he gets a claim letter or letter of action.
It is at this instant, a creditor or a debtor can seek the assistance of SoftSettle Support. Soft Settle is a web-based application capable of resolving civil as well as corporate disputes most cost effectively at the soonest possible. Soft Settle has made its presence in the web-portal under the URL www.softsettle.com and in the Google Play Store as mobile app under the title of SoftSettle Support.
SoftSettle Support facilitates the parties to negotiate at any intervals as per the parties’ choice. But three levels of interventions are being suggested and if the creditor finds debtor defaults at the early stage in committing the obligation like effecting EMI, creditor can file a case against debtor and seek the assistance of SoftSettle Support as the early intervention. The second level of intervention takes place when the debtor defaults during the middle of the repayment period and that is middle level intervention. And finally SoftSettle Support can interfere when the debtor either defaults the entire payment or some of the final payments in the form of EMI to settle the debts. Hence the alerts are regular the debtor will be in no way skip the payment that he owes to the creditor. SoftSettle Support is at the disposal of the creditor as well as the debtor. This would help the debtor to get rescued from the debt trap become a chronic failure in the credit score.
Creditor on the other hand can support the debtor and earn a reputation among the public in doing business earnestly so that their business can be flourished not at the cost of the debtors but giving the debtor a helping hand to rebuild their financial structure.
The conscience of the creditors would be at stake in case they prolong the debt settlement and thus dragging the debtor to a debt pit. But when they interact with the debtors regularly (not harassing) to explore the options to be worked out to settle the debt during the course of the repayments will do wonders for both disputing parties. Soft Settle is the ideal tool that can support the parties to reach settlement fairly and efficiently.