Loan settlement is a negotiated agreement with your lender to close your loan or credit card account by paying a lump sum that is less than the total outstanding amount, usually after a period of default. It's typically used as a last-resort option when regular repayment is no longer feasible.
Yes. Settled accounts are usually reported to credit bureaus as "settled" rather than "closed," which can lower your credit score and remain on your credit report for a period of time. We explain this clearly during your free consultation so you can make an informed decision.
Savings vary by lender, loan type and how long the account has been in default, but many of our clients settle for 30–60% of the outstanding amount. We give you a realistic estimate specific to your case before you commit to anything.
Most cases are resolved in 4 to 9 months, depending on the lender, the amount owed and how quickly you can build up the settlement fund. Business loan and multi-lender cases can take longer.
Once you engage us, we become your point of contact with the lender and its recovery agents. If recovery practices cross into harassment or violate RBI Fair Practices Code guidelines, we help you file the appropriate formal complaints.
Yes. Loan settlement is a legitimate, negotiated resolution between you and your lender, and banks routinely have internal policies for handling settlement requests on defaulted accounts. Our process is structured to stay within RBI guidelines and applicable law at every step.
We work with empanelled legal advisors who can help you understand and respond to legal notices, including Section 138 cheque bounce matters, while we continue settlement negotiations in parallel.
Our fee structure is explained in full, in writing, before you sign up — there are no hidden charges. Fees typically depend on the number of accounts and total debt involved, and are discussed transparently during your free consultation.
Yes. All information you share with us is kept strictly confidential and is never sold or shared with third parties outside of what's necessary to negotiate your settlement.