In early 2015, AHK Tips was just a simple name. But today, when debt settlement is mentioned, one name comes to everyone's mind: AHK Tips. Most people know us through social media. Our first video was created by our Senior Financial Expert, Abdul Sir, while he was lying in a corner of his home. He made it because for the first time, he saw someone else being humiliated because of debt.
On that day, Abdul Sir vowed to spread financial knowledge to every corner of India, a lack of which causes millions of people to face humiliation. This was the day a YouTube channel was born, known as AHK Tips, which stands for Abdul Haq Khan's Advice. This name belongs to a man who spent 15 years of his life trying to get out of debt.
Do you think you are the only one trapped in a debt spiral? Do you feel like running away from home? Are you thinking about ending your life? If so, you are completely wrong. The person whose advice has helped thousands of lives become debt-free was once himself buried under lakhs of rupees in debt due to his own wrong financial decisions.
But times have changed, and with Abdul Sir's advice, you too can make your life debt-free. What was once a mission of just one person—to create a debt-free India—now involves more than 50 people who are tirelessly working to help you become debt-free.
In the world of finance, everyone offers great advice. Everyone helps the rich. But no one comes to save people who are caught in a loan trap. No one has the courage to be their support. However, AHK Tips Financial Consultant has taken on the responsibility of saving the lives of such innocent people trapped in debt.
AHK Tips Financial Consultant is the only company in India that advocates for small-scale debtors. It provides them with the best advice to get out of debt. This advice is available completely free of charge through our YouTube videos and articles on our website. This mission was formed to address the lack of proper guidance, information, and knowledge that has led so many Indians to fall prey to debt. Our company has only one goal: "We will not let anyone die because of debt."
Money is so precious, isn't it? If you control your money, it can take you to the moon or Mars. But if you fall under the control of money, its burden can humiliate you in no time.
Small Fin-tech companies are trapping innocent people in debt in the name of providing loans. The state of poverty has become such that an average person cannot repay a loan of even two thousand rupees. To recover this amount, NBFCs (Non-Banking Financial Companies) send 10-10 recovery agents to the defaulter's house.
Given that entire families are committing suicide due to debt, it's not wrong to say that debt and suicide have become complementary to each other. According to a news report published in 2017, 80% of farmers in India commit suicide simply because they cannot repay their loans.
AHK Tips Financial Consultant is the only company in India that has done the great work of making thousands of people debt-free through settlement over the last seven years. In today’s world of advertising, any fake person or company can reach you in minutes. But how do you know if the service provider you are choosing is genuine?
Banks typically have several options for recovering unsecured debts:
Communication and Negotiation: The first step is often to reach out to the debtor and attempt to negotiate a repayment plan. This can involve discussions about restructuring the debt, extending the repayment period, or reducing the interest rate to make repayment more manageable for the debtor.
Legal Action: If negotiation fails, the bank may resort to legal action. This can involve filing a lawsuit against the debtor to obtain a judgment for the amount owed. With a judgment, the bank may have more options for enforcing repayment, such as garnishing wages or placing liens on property.
Debt Collection Agencies: Banks may also work with debt collection agencies to recover unsecured debts. These agencies specialize in pursuing delinquent debts and may use various tactics, such as phone calls, letters, and credit reporting, to encourage repayment.
Asset Seizure: In some cases, particularly if the debt is large and the debtor has significant assets, the bank may seek to seize assets to satisfy the debt. This could involve obtaining a court order to seize property or other assets owned by the debtor.
Debt Settlement: In situations where it may be difficult to recover the full amount of the debt, the bank may consider accepting a settlement for less than the full amount owed. This can allow the bank to recover some of the debt without resorting to more aggressive collection tactics.
Every situation is unique, so banks will often assess the specific circumstances of each delinquent account and choose the most appropriate course of action based on factors such as the amount owed, the debtor's financial situation, and the likelihood of successful recovery.
Financial crises don't call ahead. When they hit, you often reach out to your friends, family, and relatives. But how many of them are actually ready to help you?
If your friends, family, and relatives are not there for you, you don't need to worry. Our advice will always be available to you. We stand shoulder to shoulder with you in all the difficulties you face on your journey to becoming debt-free.
Meet the professionals who make everything possible
Founded in 2015, Ahk Tips is a New Delhi-based financial advisor specializing in debt relief and loan management solutions.
