Your questions answered by experts.
Yes, absolutely. Debt settlement is a legal contract between a borrower and a lender governed by the Indian Contract Act. It is a legitimate way to close a loan account if you are unable to pay effectively.
When you settle a loan, it is reported as "Settled" in CIBIL, which temporarily lowers your score. However, once you are debt-free, you can start rebuilding your score. We provide guidance on how to do this effectively.
Yes. As your authorized legal representatives, we take over all communication. If agents continue to harass you, we file complaints under relevant RBI guidelines and consumer protection laws against the bank.
Banks are strictly prohibited from contacting third parties like employers or relatives for recovery. We ensure strict privacy and take legal action if they violate this rule.
We work on a transparent model. We charge a small enrollment fee for legal protection and administrative setup, and a separate success fee only when we successfully save you money on settlement.
A: We believe in transparency. Our fee structure is typically a small percentage of the final settled amount, meaning you only pay for results. We also offer affordable monthly subscription plans for our anti-harassment shield services. Contact us for a free quote tailored to your debt amount.
A: The timeline varies based on your fund availability and the creditor bank. Typically, the process can take anywhere from 6 to 12 months. During this time, our legal team ensures you are protected from harassment while you save up for the settlement.
A: Yes. Receiving a legal notice (Section 138, Section 25, or Arbitration) can be scary. Our legal team at Tis Hazari Court specializes in drafting professional legal responses to these notices, ensuring your rights are protected and avoiding unnecessary court appearances.
A: Absolutely. We follow strict data privacy protocols. Your financial details and personal information are kept 100% confidential and are never shared with third parties without your explicit consent.
A: While our headquarters is in Delhi (Tis Hazari Court), we serve clients across India digitally. Whether you are in Mumbai, Bangalore, Pune, or a small town, our legal protection and settlement services are fully accessible to you via phone and email.