Credit Card Debt Settlement Assistance
Halt revolving interest charges (up to 48% APR), late penalties, and negotiate an official one-time compromise to permanently close high-interest card accounts.
The Credit Card Debt Spiral in India
Indian credit cards carry astronomical finance charges typically ranging from 3.5% to 4.0% per month (42% to 48% annualized), plus 18% GST on every rupee of interest, over-limit fines, and late payment penalties. Paying only the Minimum Amount Due (MAD) simply services finance charges while your principal continues to grow.
Resolution Paths Available
1. One-Time Settlement (OTS)
For cardholders in actual default where income cannot support ongoing balances. The bank agrees to close the card upon receiving an agreed lump-sum compromise amount with a formal settlement letter.
2. Card Balance to Loan EMI Conversion
If default hasn't set in, converting the outstanding statement into a fixed 12–36 month tenure at reduced rates (14%–18%) stops revolving interest and establishes a predictable repayment timeline.
Protection Against Collection Harassment
Credit card recovery agents often employ aggressive calling techniques. Under RBI rules, representatives cannot call before 8 AM or after 7 PM, visit your office without permission, or contact friends and relatives. We help you assert these legal rights immediately.
Settle Credit Card Debt
Provide your card dues and issuer banks. Our specialists will review options to stop interest and negotiate closure.