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Does Debt Relief Affect Your Credit Score?

Debt Management

Does Debt Relief Affect Your Credit Score?

Yes, but the answer is more nuanced than most people think. The type of debt relief matters enormously. And for most people already in default, the score impact of debt relief is significantly less than the impact of continuing to do nothing. Here is exactly what happens to your CIBIL score under each type of debt relief and what to do about it.

By Mohit Juneja | 27 August 2026

Credit card statement showing total amount due and minimum amount due, representing credit card debt, repayment planning, and payment decisions.

Debt Management

Paying Minimum Due on Your Credit Card? Read This First.

Paying only the minimum due feels like a relief but it could be quietly trapping you in debt. Find out what it really costs you and what you should do instead.

By FREED India | 27 August 2026

6 Financial Tips For Millenials

Debt Management

6 Financial Tips For Millenials

Earning your first salary or a few years into your career? The financial decisions you make in your 20s and early 30s have a disproportionate impact on everything that comes after. Here are 6 tips that actually matter.

By FREED India | 27 August 2026