FAQ

Debt settlement is a negotiation process where our experts talk directly with your bank or lender to reduce the total outstanding amount. You pay a mutually agreed lesser amount as a one-time settlement or structured settlement, and the account is closed permanently.

Yes. Debt settlement is a fully legal and recognized practice. Banks and NBFCs allow settlements in specific financial situations where borrowers are unable to continue regular payments. We follow a compliant, transparent, RBI-aligned process.
At Loan Settlement Master, we follow a compliant, transparent, RBI-aligned process, giving you peace of mind throughout.

Within days of enrollment, we guide you on how to handle calls. For harassment or illegal recovery behaviour, we step in with legal support and formal communication.
Tip: You can take your first step to relief → Book a free consultation.

Savings depend on your lender, loan type, overdue period, and your financial situation. Our negotiators aim for the maximum legally permissible waiver, ensuring a fair and realistic outcome.

Yes — during the debt settlement period, your credit score may drop.
But after settlement and NOC clearance, it gradually recovers. We also include Credit Score Improvement Guidance at the end of your program.

After successfully settling your loan, you receive:

✅ Settlement letter
✅ Payment receipt
✅ Final NOC from the lender
✅ Status updated on CIBIL as “Settled” or “Closed”
We manage all follow-ups to ensure your account is completely cleared and documented

Absolutely. Your financial and personal information is secure and confidential, protected with bank-level encryption. We never share or sell your data to third parties.

✅ Timelines vary case-to-case and depend on lender response.
✅ Duration depends on documents, lender policy, and case complexity.
✅ Credit report updates follow lender & bureau timelines.
We keep you informed at every stage so you know exactly where your settlement stands.

Yes. We manage multiple loan types:
1. Credit Cards
2. Personal Loans
3. Personal Loans
4. BNPL Accounts
5. Overdue EMIs
You can consolidate and resolve all debts legally and efficiently.

While no ethical company can guarantee a fixed percentage, We guarantee honest communication, expert negotiation, and full transparency through every step.

In most cases, no court appearance is needed. Our team handles all lender communication, legal documentation, and negotiation. If any legal notice arises, our legal experts represent you fully, ensuring your rights are protected.

While possible, negotiating alone can be risky. Banks may not offer the maximum waiver or may misinterpret your situation. Our trained negotiators and legal experts ensure you get optimal, lawful results without unnecessary stress.

No. We follow a transparent, performance-based model. Fees are discussed clearly, and there are no hidden charges. You only pay once a settlement is successfully agreed and documented.

Debt settlement is often faster, cheaper, and less stressful than bankruptcy. Loan restructuring may help with EMIs but can extend debt. Settlement allows you to close your loan legally and rebuild your financial life sooner.

Yes. Each account must be reviewed individually, but we can coordinate settlements for multiple loans across family members to simplify the process.

1. Share your loan and financial details securely.
2. Our experts review your account and recommend a plan.
3. We handle all lender communication and negotiation.
4. You approve the settlement terms and complete the payment.
5. Receive NOC, settlement letter and credit report update.