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Debt Management

How to deal with bank recovery agents starts with knowing your rights. Under RBI (Reserve Bank of India) rules, recovery agents can only contact you between 8 AM and 7 PM. They cannot threaten you, contact your family, or use abusive language. If they do, that is a rule violation, and you can report it. Knowing this changes how every call feels.

By FREED India | 1 July 2026

Debt Settlement

Is loan settlement worth it depends entirely on your situation. Settlement means your bank or NBFC (non-bank financial company) agrees to settle your loan for less than the full amount you owe. It clears the debt. But it leaves a "Settled" mark on your CIBIL (credit score) report for up to 7 years. For people who genuinely cannot repay due to a real financial difficulty, it can be the most practical way out. For people who can still manage their EMIs, it usually is not.

By FREED India | 1 July 2026

Debt Management

When your CIBIL score is below 700, you usually have more than one route that could say yes: an NBFC, a fintech app, a secured loan, or a co-applicant route. The mistake most people make is comparing only the approval odds. The actual decision should weigh total cost, repayment risk, and whether a new loan is even the right tool for the underlying problem.

By FREED India | 1 July 2026