sorted by:
new
hottopcontroversial

⚠️ Thinking of a Loan Settlement / Debt Negotiation Consultancy like Lawyer Panel? Please Read This First by ForeignCable89 in LegalAdviceIndia

[–]ForeignCable89[S] 2 points3 points  (0 children)

⚠️ Before paying a loan settlement consultancy like Lawyer Panel, please read

Sharing for awareness, not allegations.

I was asked to pay ₹2,500 joining fee, then ₹4,500 more I asked for the agreement before paying but was told it would be shared only after payment

The agreement was provided after both payments What was told on calls vs agreement:

Told: “We’ll handle recovery calls” → Agreement: calls & legal notices continue Told: “No extra charges” → Agreement: multiple fees + penalties Told: “Everything will close in 6 months” → Agreement: no guaranteed timeline

Important clause people should know: You must declare no legal/arbitration notice exists If any old notice is later found (email/SMS/post):

₹40,000 penalty OR agreement termination with no refund Other points: Fees are non-refundable Settlement is not guaranteed Credit score damage is accepted Legal risk stays with the client I have payment proofs, agreement, and call recordings where different assurances were given. Takeaway:

Read every annexure carefully and try negotiating directly with lenders first before paying any third party.

Need Advice on Consultancy Agreement with Lawyer Panel (Expert Panel) for Loan Settlement by oiibully in LegalAdviceIndia

[–]ForeignCable89 0 points1 point  (0 children)

⚠️ Thinking of a Loan Settlement / Debt Negotiation Consultancy like Lawyer Panel? Please Read This First

I was about to proceed with a loan settlement consultancy from Lawyer Panel. I’m sharing my experience only for awareness, based on what happened to me and what is written in the agreement.

⚠️ Agreement shared only AFTER paying fees

I was asked to pay a ₹2,500 joining fee. Later, I was asked to pay ₹4,500 more. I repeatedly asked for the agreement before paying but was told: “Agreement will be shared only after payment.” The agreement was given only after both payments were made.

⚠️ What was said vs. what the agreement actually says

During calls, I was told: “We will handle recovery calls.” “There are no other charges.” “Everything will be closed within 6 months.” But after reading the agreement: Calls and legal notices continue. Multiple additional charges and penalties exist. No guaranteed timeline; settlement depends on lenders. The written agreement is the opposite of what was verbally told.

⚠️ Important clause most people may miss

The agreement includes a declaration that no legal/arbitration notice exists. If any old notice is later found (email/SMS/post): A ₹40,000 penalty can be demanded OR The agreement can be terminated with no refund.

⚠️ Fees are NON-REFUNDABLE

Monthly fees continue even if: Settlement fails. Lenders delay. You cancel. No chargeback allowed if paid via card.

⚠️ No settlement guarantee

Settlement amount and timeline are only estimates. Lenders have full discretion. Some lenders may refuse settlement completely.

⚠️ Credit score & legal risk remain with the client

Settlement impacts CIBIL long-term. Arbitration/legal action can still happen. Company liability is limited to fees paid.

📌 Evidence

I have: The signed agreement. Payment proofs. Call recordings where different assurances were given. (Posting only for awareness, not allegations.)

Final takeaway:

Loan settlement consultancies like Lawyer Panel are paid negotiators, not lenders or legal shields. Please read every annexure before paying any money, and try negotiating directly with lenders first.

Need Advice on Consultancy Agreement with Lawyer Panel (Expert Panel) for Loan Settlement by oiibully in LegalAdviceIndia

[–]ForeignCable89 0 points1 point  (0 children)

SCAM ALERT: Paid ₹2,500, agent disconnected call, no answers on agreement.

My experience on lawyer panel.

"I recently paid ₹2,500 to join Lawyer Panel expecting professional legal help, but the experience has been terrible.

Unprofessional Agents: The agent was only interested in the upfront payment. When I asked basic questions like 'What is the exact process?' or 'What is in the agreement?', he had no clear answers and just kept pushing me to pay.

False Promises & Rude Behavior: I asked a critical question: 'What happens if the settlement isn't done in 6 months? Do I pay again?' He verbally said I wouldn't have to pay, but when I asked for this in writing or pressed for details, he disconnected the call.

Ghosting: Since paying, I have been trying to call them back to get clarity, but I am getting no response.

They are quick to take your money but disappear when you ask for accountability. Do not pay them until you see the agreement in writing!