Yes, 100%. It is a standard banking process known as One Time Settlement (OTS) recognized by the Reserve Bank of India for borrowers who genuinely cannot repay their debts due to financial hardship.

Yes, your credit report will show the status as 'Settled'. This lowers your score temporarily, but it is better than a 'Default' or 'Written Off' status. You can rebuild your score in 12-24 months.

Yes. We issue a legal letter of representation to the bank/NBFC. We handle the communication, significantly reducing the aggressive calls and ensuring you are treated with respect.

Typically, clients save 30% to 50% of the total outstanding amount. In many cases, we manage to get 100% of the interest and penalty charges waived off.

Getting an unsecured loan immediately will be difficult. However, you can still get secured loans (like Gold Loans or FD-backed cards). If you maintain good financial habits, your score will improve and you can become eligible again.

We specialize in settling unsecured loans such as Personal Loans, Credit Card debts, and unsecured Business Loans. Secured loans (Home/Car loans) are typically not eligible for this type of settlement.

Banks usually prefer a one-time payment. However, in some cases, we can negotiate a payment plan over a few months, though this might slightly affect the discount percentage.

Our team includes legal experts who will guide you. Most settlement cases are resolved out of court. If a case is filed, we can help represent your financial hardship to reach a mutual agreement.