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Frequently asked questions
You will need to submit your loan agreement, any legal notices, and relevant evidence related to the loan. These documents help our legal team understand your case and provide effective representation.
Our extensive network of over 4,000 legal experts across India will assist in defending against debt lawsuits, handling negotiations, and managing legal notices. They work to protect your rights and ensure a fair settlement.
The enrollment process is quick and easy. You can sign up from anywhere in just a few minutes and immediately begin receiving legal protection and support for your loan settlement.
You’ll receive personalized guidance tailored to your specific loan needs. Our legal team will handle the complexities of your case, providing expert advice and managing the legal aspects to help you achieve the best outcome.
Enrollment is quick and easy! You can sign up from anywhere and begin the process in just minutes. After registering, our legal team will guide you through the next steps to ensure your loan is protected without delay.
By leveraging our legal expertise, we can negotiate with lenders on your behalf, challenge unlawful practices, and offer defense against foreclosure proceedings. Our goal is to protect your assets and prevent any legal action that could lead to the loss of your property.
You’ll have access to expert legal professionals with deep experience in loan disputes and debt-related issues. We offer personalized legal strategies based on your unique financial situation, ensuring that you receive comprehensive protection and guidance tailored to your needs.
QuickSettle is a credit led payments product that helps Indian businesses offer a credit line to their customers, buyers, clients, increasing their buying power and days payable.
QuickSettle pays up to 100% of invoices on behalf of your approved customers. This means you get paid upfront, dramatically improving your cash flow.
You can sign up on QuickSettle’s website and speak to our merchant partnership manager to understand what we offer. After discussing and agreeing on the commercial terms, you can sign our agreement and start receiving payments from customers, clients, and buyers.
If you’re based in India, your average invoice is between INR 1,00,000 – INR 25,00,000, you have repeat customers, and you have aspirations to grow exponentially, acquire more customers, and increase transaction volumes of existing customers, then QuickSettle will work for you.
QuickSettle improves cash flow by providing businesses with advance payment when they offer credit to their customers.
QuickSettle makes it easy for your customers to pay by giving them access to their own dashboard. It offers your clients, customers, and buyers the power to grow their business through increased purchasing power.
QuickSettle is revolutionizing B2B transactions by ensuring consistent and reliable cash inflows. It decreases DSO, speeds up payments, increases buyer purchasing power, and reduces time managing receivables. With QuickSettle, your business doesn’t just survive, but thrives.
QuickSettle can help you reduce days sales outstanding to 1 day, increase average order value by 40%, and grow sales 18% YoY. It also allows you to focus on growth while it manages your credit terms risk. QuickSettle offers several other benefits benefits such as a 2x increase in buyer purchasing power, 30-60% faster payments, 50% less time managing receivables, and up to 100% advance payment.
QuickSettle increases your customers’ purchasing power, making it easier for them to pay and increasing their loyalty. It also offers them a 30/60/90 days credit term.
QuickSettle addresses these pitfalls by reducing DSO, offering up to 100% of invoices upfront, increasing buyer purchasing power by 2x, providing advance payment options, and reducing the time spent on managing receivables by 50%.
You can partner with QuickSettle by signing up on the website, discussing commercial terms with our merchant partnership manager, signing an agreement, and starting to receive advanced payments from clients & buyers.
QuickSettle transforms B2B transactions by reducing dependency on the working capital, intent, cash flow, and purchasing power of buyers and clients. This leads to lower Days Sales Outstanding (DSO), more options for sellers to receive upfront payments, reduced collection costs, and consistent payment receipts.
QuickSettle does not require any upfront costs from you. It finances regular B2B spending from buyers and clients to pay service providers, vendors, and suppliers.
The QuickSettle Marketplace is a platform where you can offer current and new clients and buyers to pay through QuickSettle. It helps you get more sales and access quality customers with strong credit profiles that have high growth aspirations.
QuickSettle reduces the time, money, and resources deployed for collections, allowing you to focus on what matters most - growing your business. It can save your collections team 14 hours of work weekly and increase yearly profit margins by 25%.
QuickSettle can speed up sales cycles by 90%. It analyses the customer’s credit risk profile in T+1 days and gives recommendations on credit line sizes to extend.
Partnering with QuickSettle means more business with no capital expenditure. It allows you to offer current and new clients and buyers to pay through QuickSettle and access them through the QuickSettle Marketplace.
QuickSettle increases clients & buyers purchasing power by providing them with a credit line that can help them grow. This increases customer loyalty and allows businesses to take advantage of bulk purchase opportunities without impacting cash flow.
T+1 day payment means you receive your payments one day after the transaction is made ensuring quick and consistent cash inflows.
Yes! With reduced DSO and streamlined collections process you save significant time allowing focus on core business activities.
Funds are typically disbursed within 24-48 hours after loan approval.
Yes, you can prepay or foreclose your loan. Please check our policies for details
Basic documents such as business registration proof, GST, bank statements, and financial statements for the last 2 years.
Interest rates start from as low as 9% p.a., depending on your credit score, turnover, and loan amount.
We cater to a wide range of businesses including manufacturing, retail, services, and more. Both registered companies and proprietorships can apply.
Yes, our unsecured business loans are flexible and can be used for various purposes such as working capital, expansion, equipment purchase, or inventory management.
Your business should be operational for at least 3 years, have a minimum annual turnover of ₹50 lakhs, and a good credit score.
A nominal processing fee applies, but there are no hidden charges with QuickSettle.
To be part of QuickSettle partnership program, and the settlement community and network, provide your details on the form provided, and our team will contact you for creating a partnership.
There is no limit to the number of partnerships you can make for applying Quick Settle, nor is there a cap on the amount you can earn.
Your business should be operational for at least 3 years, have a minimum annual turnover of ₹50 lakhs, and a good credit score.
The QuickSettle partnership empowers third parties that can ensure settlements are financed by QuickSettle or can provide information about parties that can use QuickSettle. LegalPay pays a pre-determined fee to the partner(s) for such information.
All scenarios where payment needs to be made from a debtor to a creditor are eligible for the partnership. This includes delayed and defaulted payments and trade payable, also, any payments after litigation has been filed and out of court settlement needs to be undertaken for example, out of court settlement for contract disputes, cheque bounce cases, etc.
Partnership fees are determined based on your role in the settlement and the amount of actual settlement. You receive a pre-determined payment based on these factors.
Speed is of the essence at QuickSettle. Post-approval, your funds are disbursed swiftly, typically within 24-72 hours, ensuring you have the capital you need exactly when you need it.
The credit limit is assigned after a thorough evaluation of the business’s financial health, credit history, and KYC compliance. This ensures that the credit line aligns with the business’s capacity and needs.
Transparency is key at QuickSettle. Rest assured, there are no hidden fees or surprise charges. All terms, conditions, and applicable fees are communicated upfront, ensuring you’re never in the dark.
QuickSettle is an innovative credit-led payment solution tailored for B2B transactions in India. It extends a revolving zero-interest credit line to a diverse clientele, including enterprises, startups, individual business owners, and freelancers. This facility empowers you to seamlessly manage payments for all B2B payments and business-related expenses, ranging from professional services to procurement of goods, catering to a wide array of vendors, suppliers, service providers (including MSMEs).
Applying for a credit line with QuickSettle is a breeze. Simply visit our website, fill out a straightforward application form, and voilà – you’ll receive a prompt approval for your credit line, setting you on the path to financial flexibility.
QuickSettle is designed to handle all B2B payments. Whether it’s paying for raw materials, or paying for invoices for professional services, our credit line has got you covered.
Begin by signing up on our website and submitting your KYC documents. Once approved, you’ll unlock access to a revolving credit line of up to INR 1 Crore. Use this to make all your commercial and business payments without the burden of interest. Repay according to the pre-agreed schedule to refresh your credit line for the next business cycle.
The repayment schedule is flexible and tailored to your business needs. We offer various repayment options, which will be discussed and agreed upon during the application process.
If you’re nearing your credit limit, we’ll notify you in advance. Should you exceed it, additional transactions may be declined until the outstanding balance is paid down.
QuickSettle offers a revolving credit line ranging from INR 5 lakh to INR 1 crore. The credit limit is determined based on KYC verification and standard credit checks to ensure responsible lending and borrowing.
Flexibility: QuickSettle’s credit line offers unparalleled flexibility, allowing businesses to draw and repay funds as needed, aligning with their cash flow cycles.
Cost-Effective: With zero percent interest, QuickSettle stands out against traditional loans that accrue interest, making it a cost-effective option for managing working capital.
Convenience: Unlike loans that have a fixed repayment schedule, QuickSettle’s revolving credit adapts to your business’s operational tempo, offering stress-free financial management.
Speed: QuickSettle provides immediate access to funds, ensuring that businesses can make timely payments and capitalize on opportunities without the wait associated with loan approvals.
Choose QuickSettle for a seamless, efficient, and flexible financial experience that supports your business’s growth and operational excellence.
We value our customers and occasionally offer rewards and incentives. Keep an eye on our website or sign up for our newsletter for the latest offers.
Absolutely. At QuickSettle, we prioritize your privacy. Our stringent data security measures and adherence to robust privacy protocols mean your personal information remains just that – personal.
Please report any suspicious activity immediately to our customer support team at info@quicksettle.ai. We take swift action to secure your account and investigate any unauthorized transactions.
Our dedicated customer support team is just an email away. Reach out to us at info@quicksettle.ai for any inquiries or assistance.
We understand that sometimes, unforeseen circumstances can arise. If you anticipate difficulty in meeting a repayment, please contact us immediately. We’re here to work with you to find a solution that ensures continuity of your credit line and the health of your business finances.
QuickSettle allows you to pay a variety of service providers such as legal firms, marketing agencies, IT service providers, consultants, and freelancers, among others.
No, there is no limit to the number of transactions. Our goal is to support your business’s growth, so you can make as many payments as necessary within your credit limit.
Yes, credit limit increases are considered based on your repayment history and business growth. You can request a review of your credit limit at any time.
QuickSettle provides tools and resources to help you manage your finances effectively, including expense tracking and financial insights tailored to your business.
We employ state-of-the-art security measures to protect all transactions. Your financial safety is our top priority.
Currently, QuickSettle is focused on domestic transactions (based in India). However, we are always looking to expand our services to meet the needs of our customers, so stay tuned for updates on international capabilities.
Absolutely. QuickSettle is versatile and can be utilized by a multitude of industries.
You can register for the event by filling out the form on this page.
You can contact us at case@legalpay.in.
Yes, the event will provide practical tips and strategies for handling various stages of litigation, such as case selection, due diligence, budgeting, discovery, trial preparation, settlement, and enforcement. You will learn how to use litigation funding as a tool to achieve your litigation objectives, and how to avoid common pitfalls or mistakes.
Some of the common challenges or pitfalls in litigation include lack of resources, cash flow constraints, adverse costs exposure, uncertainty of outcome, and lengthy proceedings. The event will address how litigation funding can help you overcome these challenges or pitfalls by providing financial support, risk sharing, expertise, and strategic guidance.
Yes, the event will provide resources or reference materials that can be accessed after the event. You will receive a link to download the event slides, recordings, transcripts, and handouts. You will also receive a certificate of attendance and a feedback form.
The event will take place on June 7, 2023, from 5 pm to 6:15 pm IST.
No, the event is free of charge for all participants.
The event will be conducted online via Microsoft Teams. You will receive a link to join the event after you register.
If you are unable to attend the live session, you can still access the event materials or recordings by registering for the event. You will receive an email with a link to access the event materials or recordings after the event. You can also contact us at any time if you have any questions or issues.
Attending this event will help you understand the benefits and challenges of litigation funding, and how it can enhance your litigation practice or knowledge. You will learn how to assess the suitability of litigation funding for your cases, how to negotiate and structure funding agreements, and how to manage the relationship with funders. You will also gain insights into the legal and ethical issues surrounding litigation funding, and how to address them effectively.
Yes, the event will discuss recent case law or legal developments that may impact litigation strategies, such as the enforceability of funding agreements, disclosure obligations, privilege issues, conflicts of interest, funder control, and recovery of costs. You will learn how to adapt your litigation strategies to the evolving legal landscape and ensure compliance with applicable laws and regulations.
Yes, the event is suitable for both experienced litigators and those new to litigation. The event will cover both the fundamentals and the advanced aspects of litigation funding. Whether you are a seasoned litigator or a novice in this field, you will find something valuable and relevant in this event.
Yes, the event will touch on alternative dispute resolution methods, such as mediation or arbitration. You will learn how litigation funding can be used in conjunction with these methods to facilitate settlement or resolution of disputes. You will also learn how to deal with potential issues or challenges that may arise when using litigation funding in alternative dispute resolution contexts.
No, there are no recommended prerequisites or prior knowledge required to attend the event. The event is designed to be accessible and informative for anyone interested in learning more about litigation funding.
Yes, the event will provide practical examples or case studies to illustrate key points. You will hear from real-life litigators who have used litigation funding in their cases, and how they achieved successful outcomes. You will also see examples of funding agreements, due diligence reports, budgets, and other documents that are relevant to litigation funding.
You can get started immediately! The sign-up process takes just a few minutes, and once registered, we’ll begin working to end the harassment calls as soon as possible.
Once you provide the necessary details, we will directly contact your lender or their nodal officer on your behalf. Our team will manage all communications, ensuring a hassle-free experience for you.
Yes! Our goal is to resolve the issue by negotiating with your lender. Once we take over the communications, you can expect the harassing collection calls to stop.
You’ll receive personalized support from our team of experts. We tailor our approach based on your specific loan situation to ensure the best outcome, helping you regain peace of mind quickly.
Litigation Financing: LegalPay follows a strict due diligence process before funding any case. Our initial review will be based on the information you provide over the phone/email regarding your client's case. Additional information and supporting documentation may be required by our team to arrive at a concrete decision.
Interim Financing: Once your client acknowledges the invoice raised by you, we require a few documents from the client such as bank statement, PAN card, etc. Post our diligence and review, we clear your invoice instantly while provide no-cost EMI payment plan to your client.
No, LegalPay does not have any rights to manage, interfere with, or influence with the timeline of the case. Settlement strategy and decision over the case remain in the claimant's control.
LegalPay wants to create a world in which finance will never be a barrier to justice. LegalPay, through its two products - Litigation Financing and Embedded Financing, provides a way to litigants to alleviate their burden of legal costs and transfer them onto LegalPay. By doing so, the litigants do not have to worry about paying your fees, court fees, and any other fees.
Only information that you're comfortable sharing may be provided to LegalPay before signing NDA. Once NDA is signed, we may require additional information from you or your client to proceed with our diligence. LegalPay is committed to protecting the privacy and confidentiality of information.
We are passive investors in your client's case and the same does not affect the lawyer-client privilege. We do not request access to lawyer-client privileged collaterals.
LegalPay Max is the new payment option for paying legal and professional expenses available to all your credit worthy clients . By choosing to pay through LegalPay Max, the clients are essentially delaying the payment by 3 months while ensuring you get paid instantly. Thus, ensuring more clients and, consequently, higher revenue to you.
Legalpay is India’s largest legal financing player that provides an easier and faster way to finance legal expenses through its proprietary technology. As of now, Legalpay has provided financing to more than 50 businesses translating to a total of USD ~195 million claims under management.
LegalPay provides two kinds of financing:
1) Litigation Financing: We fund commercial disputes and help businesses alleviate the costs and risks of fighting disputes in exchange for a pre-decided cut from the potential recovery. This is non-recourse funding, implying that LegalPay only gets a cut in case the litigation wins the case.
2) Embedded Financing: We allow businesses to spread their legal and professional expenses across a pre-agreed timeframe for no extra cost. This is basically done by giving a virtual line of credit, allowing businesses to draw down funds when needed.
Anyone and everyone can approach LegalPay to finance their legal expenses. However, the decision to fund and the amount to fund is up to the discretion of LegalPay's extensive due diligence process.
There is no cost to get started with LegalPay. LegalPay provides its services completely free of charge
Absolutely, yes. We provide financing to all types of companies irrespective of their domicile. Do not hesitate to reach out to us in case of any further questions.
Disputes are inevitable for any business, no matter how big or small. Why to put in your time, effort, and money in chasing disputes, when you can let LegalPay take care of it with no additional burden.
LegalPay assists in funding meritorious commercial claims at all stages of litigation, including but not limited to:
1) Contractual disputes
2) Founder investor disputes
3) Intellectual property disputes
4) Banking and insurance disputes
5) Cross border disputes
6) Class action suits
LegalPay's funding can be used for following purposes including but not limited to:
1) Lawyers fees
2) Court fees
3) Witness fees
4) Stamp duty
5) OPE expenses
In simple words, litigation financing is the practice where a third party (LegalPay) unrelated to the lawsuit provides capital to a party involved in litigation, in return for a pre-agreed cut of any financial recovery from the lawsuit.
If you're a lawyer and want to avail litigation financing for one of your client, reach out to us at case@legalpay.in.
If you're a plaintiff and want to get litigation financing for your dispute, you can signup on our platform and submit your case for review.
LegalPay does not have any minimum/maximum ticket size. As long as the case is meritorious and qualifies for funding, LegalPay is happy to provide support.
Absolutely not. LegalPay does not manage, interfere, or influence the case in any manner whatsoever. Settlement
LegalPay follows a three-step due diligence process:
1) Legal diligence: Case must have strong legal merits. Legal merits means a sound basis for the case and a clear understanding of the claim value. Further, we also take into account the estimated time to resolution.
2) Financial diligence: Defendants must have strong financial viability and should be well-capitalized with an ability to pay damages awarded as a result of the litigation.
3) Operational diligence: The case must be represented by experienced and competent lawyer with strong track record of success in the related legal area.
LegalPay reviews all the cases it receives within 48 hours. If a case is accepted for review, your team may be contacted for additional information. If we decide to move ahead with the case, we will issue a funding agreement. After the terms are accepted, LegalPay will deploy capital whenever and wherever required as per the pre-agreed thesis.
We have onboarded more than 4,000 legal professionals on our platform. You can either avail legal services of such legal professionals onboarded on our platform or let us know the name of your legal professional so that we can onboard them.
Our process is 100% digital with a completely paperless journey. Our team assess applications within 24 hours and are able to approve over 70% of applicants. You can then choose to pay your legal bills using your credit limit.
We provide flexible repayment options to our customers. You can pay using our EMI plans that go up to 12 months.
We provide a host of channels such as net banking, debit card, UPI, etc. to pay legal professionals on our platform. Alternatively, you can clear your legal bills using LegalPay Max that allows you to divide your bills in no-cost EMIs that go up to 12 months. Further, we will send timely notifications/messages reminding you of the due amount so that you never forget to repay on time.
LegalPay Max is a Pay Later product that allows businesses to spread their legal and professional expenses across a pre-agreed timeframe for no extra cost.
Any Indian resident/business who has a bank account, PAN card and Aadhar card can avail LegalPay's Pay Later solution. Not having prior credit history is not a limiting factor since we also underwrite new-to-credit customers. However, please note that the approval of credit line is subject to financial underwriting of our lending partners.
In case you are not able to repay on time, the interest amount keeps getting accrued on your outstanding amount, impacting your credit score adversely. Hence, we advise you to borrow only when you have the capacity to repay.
We help with unsecured debts, such as personal loans, credit card debts, payday loans, Buy Now, Pay Later (BNPL) obligations, and more. If you have debts not tied to collateral, QuickSettle can work with you to develop a relief plan.
Our fees vary based on your debt profile and the type of debt relief program you qualify for. We ensure that after paying our fees, you still achieve significant savings on your overall debt. QuickSettle is committed to making debt relief affordable for everyone.
If you are struggling to keep up with unsecured debts like credit cards, personal loans, or BNPL loans, and find it difficult to make your monthly payments, you may qualify for QuickSettle’s Debt Relief Program. Reach out for a free assessment of your financial situation to see how we can help.
QuickSettle is a debt relief service designed to help individuals and businesses struggling with debt. Our expert solutions guide you in reducing, managing, and eliminating debt, empowering you to regain financial control and live a debt-free life.
Our process is simple: We assess your financial situation, negotiate with creditors on your behalf, and help reduce the total debt owed. You then make one affordable monthly payment toward your reduced debt, helping you regain control of your finances.
Depending on the specific debt relief solution, your credit score may be temporarily affected. However, as you successfully settle your debts through our program, your score can improve over time. We work to minimize the long-term impact on your credit.
Depending on your financial profile, you can save between 10%-30% on your monthly payments or up to 50% on your total debt. The exact savings depend on your debt load, financial circumstances, and the program you qualify for.
The time to complete our program varies based on your debt and financial goals. Typically, debt relief through QuickSettle can take anywhere from 12 to 48 months, depending on the specific plan and your ability to make regular payments.
Absolutely. We adhere to all regulatory standards in India and maintain transparency throughout the debt relief process. Your privacy and financial safety are our top priorities.
Start by reviewing the reason for denial. Check your credit report for errors, pay off existing debts, and improve your credit score. You can also explore alternative lenders who may have more flexible lending criteria.
Pay your bills on time, keep your credit utilization low, and regularly check your credit report for any discrepancies. Engaging in credit repair services can speed up the process.
If you’re unable to make your loan payments, contact your lender as soon as possible to discuss options such as extending your loan term, negotiating lower payments, or restructuring your debt. Ignoring the problem can result in default and further damage your credit score.
Yes, there are lenders who specialize in offering loans to individuals with bad credit. However, these loans often come with higher interest rates and stricter terms. Improving your credit score can increase your chances of getting better loan offers.
Borrowers have the right to be treated fairly by lenders and recovery agents. Harassment, unfair penalties, and discriminatory lending practices are illegal. If you believe your rights have been violated, you can file a complaint with the relevant authorities.
A debt trap occurs when a borrower takes on new loans to repay existing debts, leading to a cycle of debt that is difficult to escape. This often results in high-interest payments and increasing financial stress.
If you're trapped in debt, consider negotiating with your lenders for debt settlement, seeking legal assistance if you suspect predatory lending, and working with financial experts to develop a repayment plan.
Yes, if you believe you've been subjected to unfair lending practices, you have the right to file complaints and seek legal recourse against predatory lenders.
To prevent falling into a debt trap, avoid borrowing more money to pay off existing debts, maintain a clear budget, and prioritize repayment of high-interest loans.
As a borrower, you have the right to transparent loan terms, fair treatment during the recovery process, and the ability to seek legal action against unfair lending practices.
To improve your financial situation, focus on creating a budget, reducing unnecessary expenses, increasing your income, and seeking professional help for debt management if needed.
Debt harassment refers to aggressive or unethical behavior by creditors or recovery agents, such as repeated phone calls, threats, public shaming, or intimidation, all of which are illegal.
To stop harassment, you can document the behavior, file a formal complaint with the RBI, and seek legal assistance. Additionally, knowing your rights can empower you to stand up against unethical practices.
No, under RBI guidelines, recovery agents are restricted to contacting you only between 7 AM and 7 PM. They are not permitted to contact you at odd hours or use persistent calls to harass you.
If a debt collector is using threats or intimidation, document the interactions and file a complaint with the RBI or law enforcement. You can also seek legal assistance to protect yourself from further harassment.
Debt collectors can visit your home, but they must do so respectfully and within the legal guidelines. They cannot harass you or your family, and they must avoid aggressive or threatening behavior.
No, you should not feel pressured to accept repayment terms that are not realistic or fair. Our experts can help negotiate fair terms with your creditors that won’t further burden your financial situation.
Loan rejections usually happen due to a low credit score, high levels of existing debt, insufficient income, or an unstable employment history. Each lender has specific criteria for assessing applicants
Improving your credit score involves paying off existing debts, making all payments on time, and regularly monitoring your credit report for errors. It’s also important to keep your credit utilization ratio low.
Yes, there are lenders who specialize in offering loans to individuals with poor credit. These lenders may offer loans with slightly higher interest rates, but they provide opportunities for those struggling to get approved elsewhere.
Consider reaching out to a debt counselor who can help you create a manageable repayment plan or explore debt settlement options. Reducing your debt burden can improve your credit profile and increase your chances of loan approval.
Yes, you can apply for a loan after being rejected, but it’s essential to address the issues that led to the denial. Improving your credit score or reducing your debt can increase the likelihood of approval on your next application.
Yes, while any debt settlement may have a temporary effect on your credit score, QuickSettle’s approach focuses on long-term recovery. By paying off your debt at a reduced, manageable amount, you’re taking significant steps toward rebuilding your credit score over time.
Most settlements are completed in a few weeks, allowing you to start enjoying financial relief quickly. QuickSettle works efficiently to expedite this process on your behalf.
Unlike options that involve taking on new loans, QuickSettle focuses on reducing your current debt and settling it with one affordable payment. No new loans, no hidden fees—just a clear path to being debt-free.
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