Background: Amit (38) and Sneha (35), a couple from Delhi, accumulated ₹18 lakhs in debt after Amit's construction business failed during COVID-19 lockdown. They had taken business loans, personal loans, and maxed out multiple credit cards trying to keep the business afloat.

The Debt Breakdown:

• Business Loan (Bank of Baroda): ₹8 lakhs at 14% interest

• Personal Loan 1: ₹3.5 lakhs at 16% interest

• Personal Loan 2: ₹2.5 lakhs at 21% interest

• Credit Cards (4 cards): ₹4 lakhs at 36-42% interest average

• Total Debt: ₹18 lakhs

• Combined Monthly Income: ₹65,000

• Monthly EMI: ₹58,000 (89% of income)

The Crisis: By late 2022, they were borrowing from family and friends just to pay EMIs. Recovery agents were calling constantly. They had stopped answering their phones and were hiding the situation from their children. When they approached KuberDebt in January 2023, they were two months away from complete default.

KuberDebt's Comprehensive Plan:

1. Immediate Crisis Management:

   • We sent legal notices to stop harassment from recovery agents

   • Negotiated 90-day payment moratorium with all lenders while we structured the solution

   • Provided counseling to reduce stress and anxiety

2. Strategic Debt Settlement:

   • Negotiated one-time settlement for all 4 credit cards at 25% of outstanding

   • Credit cards settled for less than 80,000/-

3. Income Acceleration Strategy:

   • Amit started driving Ola in evenings (₹18,000/month extra)

   • Sneha began online tutoring for school kids (₹12,000/month extra)

   • Total extra income: ₹30,000/month directed to debt

4. Aggressive Repayment Plan:

   • Every bonus, festival money, and extra income went to debt

   • Sold unused gold jewellery (₹2.8 lakhs) and immediately reduced principal

The Results:

• Months within 6 months: Settled all credit cards, reduced EMI burden by 40%

• Months 7-12 : Settled entire loan aggressively

• Total Time: 12 months (1 Years)

• Total Savings: More than ₹2 lakhs through settlements

• Current Status: Debt-free, rebuilt emergency fund of ₹3 lakhs

Amit's Testimonial: "KuberDebt didn't just help us clear debt—they saved our marriage and mental health. The constant pressure was destroying our family. Their team negotiated with banks while we focused on earning. We followed their plan religiously and today we're completely debt-free. Thank you, KuberDebt!"