Question
Q: What is the right settlement amount for a payday loan?
Answer
A: There is no one-size-fits-all answer; it depends on the principal, the legal interest, the fees you have to pay, and how hard it is for you. First, you should ask for a written statement. Then, you should try to get rid of the high penalties and hidden fees. Never sign anything without a written agreement and a deadline for closing/NOC. Legals365 and Advocate BK Singh come up with a fair offer and then negotiate it in a professional way..
By Advocate BK Singh
(Delhi High Court)
