Facing arbitration notices or harassment from Moneyview agents? We help you negotiate a One Time Settlement (OTS) and close your loan for a reduced amount.
Moneyview is a popular digital lending platform in India that offers instant personal loans. The platform is operated by Whizdm Finance Pvt Ltd, an RBI-registered NBFC, and also partners with other lenders like DMI Finance, IDFC First Bank, and Aditya Birla Capital.
Moneyview loans are known for their quick disbursal but also for their high interest rates and strict recovery processes. If you miss an EMI, the penalty charges accumulate rapidly, and their recovery agents can be very aggressive. They are also known to initiate arbitration proceedings quickly against defaulters.
If you are trapped in a cycle of debt with Moneyview, AMA Legal Solutions can provide the legal expertise needed to settle the loan and stop the harassment.
App-based loans like Moneyview are designed for convenience, but they can easily lead to a debt trap.
The Annual Percentage Rate (APR) can be very high. Late payment fees are added daily or weekly, causing the outstanding amount to balloon significantly within a few months of default.
Digital lenders often use automated calling systems and aggressive third-party agents who may harass you with repeated calls and messages, creating immense mental pressure.
Moneyview recovery agents must adhere to the RBI's Fair Practices Code and Digital Lending Guidelines.
We send a legal notice to Moneyview demanding they stop these illegal activities immediately.
Moneyview frequently uses arbitration to recover dues. They appoint a sole arbitrator to hear the case. If you ignore the notice, an Ex-Parte Award will be passed against you, which is legally binding. We represent you in these proceedings to contest the claim and push for a settlement.
If your NACH mandate or post-dated cheque bounces, they can file a criminal complaint under Section 138 of the Negotiable Instruments Act. This requires you to appear in court. We provide legal defense and help you settle the matter out of court to quash the case.
OTS is the best way to exit the debt trap. It involves paying a negotiated lump sum amount to close the loan account permanently.
We negotiate aggressively with Moneyview's legal and settlement teams. We typically achieve settlements at 40-60% of the total outstanding amount, depending on the case.
We shield you from harassment and handle all communication with agents.
Our negotiation strategies maximize your savings on the settlement amount.
We represent you in arbitration and court cases effectively.
We review your loan details, outstanding amount, and harassment status.
We send a legal notice to Moneyview to stop harassment and initiate settlement.
We negotiate with the lender for the best possible waiver.
We verify the formal settlement letter to ensure it's valid.
You make the payment to the official account, and we ensure the loan is closed.
You are protected by specific RBI rules for digital lenders:
Settlement results in a "Settled" status on your credit report. This does lower your score.
However, it is a necessary step to stop the debt from growing and to avoid legal complications. A "Settled" status is better than "Written Off".
You can rebuild your score to 750+ within 12-18 months by using a secured credit card and maintaining good financial discipline.
"Moneyview agents were threatening me with arbitration. I was scared. AMA Legal handled the case professionally and settled the loan for 45% of the amount. Highly recommended."
Sales Executive, Mumbai
"I lost my job and couldn't pay the EMIs. The harassment was unbearable. AMA Legal stopped the calls and helped me close the loan peacefully."
Teacher, Delhi
Get clarity on settling your Moneyview personal loans.
Stop the harassment and get a legal settlement.
Our loan settlement services are available across all states and union territories in India