Credit Counselling Service (Abhay)

FOCUS

Our primary concerns are the financial and emotional well being of the entire society in general and particularly those who are in financial distress

FINANCIAL LITERACY

This is an ethical organization and a non-profit institution with sole objective of imparting Financial Literacy to those who are in need and help those who are struggling with debt, with an acceptable solution

EDUCATION

We firmly believe that education is the corner stone of financial health. Financial literacy programmes will be an on going process at "ABHAY". We will strive to conduct educational sessions frequently to create awareness about proper financial planning.

FACILITATION

We do understand how difficult it is to take that first step and contact us for help. In fact we take that first step. Our counselors are available for face to face counseling whenever you need it. Most importantly confidentiality is maintained.

The Set Up

Presently the Credit counseling Centers are will functioning at the following places:-

1. Mumbai
2. Wardha
3. Chennai

The client of any Bank can approach the center. The benefits to the clients briefly stated are

a) Client gets guidance for financial freedom
b) Counseling is absolutely free
c) Counselor helps in drawing a suitable repayment solution.
d) Counseling sessions are held on one to one basis in most confidential environment.
e) Drawing up of a rehabilitation programme with the willingness of the clients.

In Metro/urban areas the focus is given to credit card, personal loans and housing loans defaults and related problems.

Rural areas assumed great importance as the farmers and people there are still largely depending upon informal sources to meet their financial requirements. There is an urgent need to educate them about availability of finance at reasonable rate of interest from formal financial system. Such a step, we believe, will greatly benefit the farmers and others in rural India to reduce the debt burden and avoid mishaps and resorting to extreme steps.

Helping Clients - I 

• When selecting a card compare the terms offered by several card issuers to find out the card that best suits your needs.
  
• Sign new cards as soon as they arrive.Cut all unwanted cards into two pieces and return to the issuer.

In short the Counselor will assist you in reducing the "stressor - event" in a significant way.