Clear answers to common questions about loan settlement, recovery agent harassment, and legal guidance.
Loan settlement is a negotiated resolution where the borrower and lender mutually agree on a reduced payable amount based on financial hardship and eligibility.
Yes, loan settlement is legal when done through mutual consent between borrower and lender, following RBI guidelines and lawful communication.
No. Settle Loan 360 does not provide loans or credit facilities. We only assist borrowers with guidance and negotiation support.
Proper legal guidance and correct communication can significantly reduce unlawful harassment by recovery agents.
No. Settlement outcomes depend on lender policies, borrower profile, documentation, and mutual agreement.
Personal loans, credit cards, business loans, overdrafts, and unsecured facilities may be considered for settlement.
Yes, settlement may impact credit score. However, structured guidance helps reduce long-term damage and plan recovery.
Timelines vary based on lender response, documentation, and negotiation. It may take a few weeks to several months.
Settlement is discretionary. In such cases, alternative legal and repayment strategies are discussed.
Any payment depends on the agreed settlement terms with the lender, not guarantees or promises.
Yes, guidance is provided for both banks and NBFC-related cases.
Settlement may help resolve dues, but legal cases depend on court processes.
A settlement letter is issued by the lender once terms are mutually accepted.
Guidance is provided for structured and lawful communication.
Yes, borrower information is handled with strict confidentiality.
Yes, if financial hardship exists and eligibility criteria are met.
Each loan is assessed separately with a structured plan.
Remarks depend on lender reporting. Guidance is provided for credit recovery.
Yes, post-settlement guidance for documentation and credit planning is provided.
Each case differs. Proper consultation helps choose the right approach.
Yes, banks may initiate legal recovery. Lawful handling reduces risks.
We provide guidance and connect borrowers to appropriate legal resources.
Yes, an initial consultation is available to understand your situation.
No unrealistic timelines are promised. Transparency is maintained.
Secured loans are assessed differently and may have limited settlement scope.
You can begin by booking a consultation and sharing basic loan details.