FAQs
Frequently Ask Questions.
Common Questions
Most Popular Questions
With several years of experience, we have gathered your most asked questions regarding loan settlement.
We help settle:
Credit Card Dues
Personal Loans
- Buy Now Pay Later (BNPL) Loans
Business Loans (unsecured)
Overdue EMI/Loan Defaults
- Education loan
- Vehicle loan
- More*
Yes, absolutely. Loan settlement is a legally allowed option where the lender agrees to accept a lower payment to close the loan. We only use ethical, legal, and RBI-compliant methods.
Yes. We work with clients from every corner of India via phone, video calls, and email. You can visit our office without any cost.
Every case is different, but clients typically save 70%–90% of their total outstanding amount through negotiated settlements.
Yes, loan settlements can temporarily affect your credit score. But if you're already defaulting, settlement is often a better option than ongoing missed payments or legal notices. Settling your loan and closing the account officially is often a smarter long-term move. We guide you on rebuilding credit post-settlement.
If you're behind on payments, getting recovery calls, or struggling to pay EMIs despite regular income, loan settlement may be your best option. It’s designed for people with unmanageable unsecured debt who want to close their dues legally and move forward debt-free.
If your credit card account is included in the settlement, the bank may block it or close it. Even if it's still active, we advise you to avoid using it while your case is being resolved to avoid complications.
Yes, credit card dues can be settled legally through mutual agreement with the bank. We ensure your case stays within legal boundaries and help you avoid harassment.
No. We are not a collection agency. TrueSettle works for you — the borrower — to ethically negotiate and close your unsecured loans.
Lenders do settle unsecured loans. We have an excellent track record and relationships with multiple financial institutions to get fair settlements.
TrueSettle helps individuals and businesses legally settle their unsecured loans (like personal loans or credit card dues) by negotiating with banks and NBFCs for a one-time reduced settlement amount.
Free Consultation
Loan & Credit Review
You Pay the Agreed Fee
Negotiation with Lenders
Settlement Letter from Bank
- Pay OTS (one time settlement) or EMI to the Lender
Case Closed
- Get NOC
We don’t charge anything upfront, not even for the office visit. We only take a 10% professional fee of the total due amount — only if you are eligible for settlement and after a successful settlement. You'll get a free credit booster service as well. You also get a clear agreement before we begin.
Yes. After you authorise us, we handle all communication with your bank, recovery agents, or NBFCs professionally and legally.
Yes. TrueSettle is a registered firm operating under Indian laws, and we follow strict legal, ethical, and professional standards.
Yes, only if you meet our refund guidelines
Debt resolution (what TrueSettle offers) involves negotiating with lenders to reduce the total amount you owe. Debt consolidation, on the other hand, combines multiple loans into one with lower EMI. We focus on resolution for clients already facing loan stress and defaults.
No. Transparency is our policy. All fees are clearly mentioned in your agreement before you begin.
Yes. Based on your debt situation and goals, we help you select which loans are suitable for settlement. We’ll never force you to settle accounts you don’t want to include.
Yes, you can — but most people struggle with unfair terms, pressure tactics, or legal language. We handle all of this professionally and often get better results due to our experience and get you lowest rate of settlement.