FAQs
Frequently Asked Questions
We’ve answered the most common questions about loan settlement, credit card debt relief, and your legal rights in India. Our goal is to help you understand your options clearly, so you can take the right steps toward financial freedom.
01How is Debt Relief India the best for you?
We are one of the most trusted and transparent debt settlement companies in India, putting your peace of mind first. We ensure the highest debt waivers, helping you become debt-free faster, so you can live with dignity, respect, and without stress.
02Is there a fixed percentage at which you promise to settle all my debts?
The success of negotiations depends on many factors, including the lender’s policies and your cooperation. What we can assure you is that our experienced team will work hard to get you the best possible settlement. Your commitment to make fixed & regular deposits into your account and staying patient during the process is key. Debt settlement is a teamwork effort, and together, we aim for the best results.
03Will my interest be frozen during the debt relief program?
During a debt relief or settlement program, interest on your debts typically continues unless your creditor agrees to freeze it. However, as part of the negotiation process, debt relief companies like Debt Relief India will work to secure the best possible settlement for you. This settlement amount often includes the accumulated interest and fees, potentially resulting in a significantly reduced total debt. It’s important to note that while the interest may not be frozen, the final settlement can still offer much savings compared to the original debt amount.
04How does Debt Relief India support its customers even after the settlement?
Even though getting the NOC is not directly our responsibility, we still chase and follow up with banks/NBFCs to issue NOC/NDC after the loans or cards are settled.
We also help clients to escalate matters to the PNO of the bank, RBI Ombudsman, Cyber Crime Portal, and Consumer Forums.
05Will my credit score be affected?
Yes, debt resolution can impact your credit score short-term, but once debts are settled, your score gradually improves with good credit habits and financial discipline.
01Is loan settlement legal in India?
Yes, Loan settlement is a legal process where you and your lender agree to close the debt for less than the total outstanding amount. It must be negotiated carefully to ensure you get the best possible waiver while staying within Reserve Bank of India guidelines.
02Can recovery agents legally harass me?
No, Recovery agents cannot threaten, abuse, or shame you. They are bound by RBI’s Fair Practices Code, which restricts harassment and protects your privacy. If you are facing such behavior, you have the right to take action.
03What are my rights under RBI’s Fair Practices Code?
You have the right to respectful communication, privacy, and fair recovery practices. Agents must contact you only at approved hours and cannot contact your family or employer without consent.
04Do you provide legal assistance if I’ve already received a court notice or arbitration letter?
Yes, Our para-legal team will review your notice, prepare a reply, and represent your case to protect you from unfair or coercive legal actions.
05Can you help if my lender has already filed a case against me?
Yes, We coordinate with legal experts to represent you in court and work toward a fair settlement.
01Will settling my loan affect my CIBIL score?
Yes, a loan settlement can lower your CIBIL score because it indicates you did not pay the full amount originally agreed. However, in many cases, the short-term impact is worth it compared to ongoing harassment, legal threats, and unmanageable EMIs. Your score can be rebuilt over time with proper guidance.
02How long does it take to rebuild my CIBIL score after settlement?
With disciplined payments and no defaults, you can see improvement within 12–18 months.
03Can debt settlement improve my financial health in the long run?
Yes, because it eliminates unmanageable debt, reduces stress, and gives you a fresh start.
04Is debt consolidation better for my credit score than settlement?
Debt consolidation has less impact on credit scores but doesn’t reduce your total outstanding. Settlement offers bigger savings but comes with a temporary score drop.
05Will my settlement history show up in my credit report?
Yes, it will be marked as “settled” but can be improved over time with positive credit behavior.
01What types of debts can you help settle?
We help with unsecured loans (personal loans, business loans without collateral), credit card dues, Buy Now Pay Later (BNPL) debts, and app-based loans. If you’re unsure about your debt type, we can review your case and confirm.
02How long does the settlement process take?
It depends on your debt amount, type of lender, and your repayment capacity. Many cases see results within 3 to 6 months, but some complex negotiations may take longer.
03Can you stop lenders from calling my family, friends, or workplace?
Yes, We use dedicated call-forwarding numbers and legal notices to stop lenders or third-party agencies from contacting your personal and professional network.
04How much can I expect to save through settlement?
Every case is different, but waivers of 40% to 80% of the outstanding amount are common, depending on your situation and negotiation terms.
05How do I start the process with your team?
Book a free consultation call or WhatsApp chat. We’ll review your case in detail, explain your options, and guide you step-by-step to a resolution.
