📖 What is Settled Clearance?
When you settle a loan or credit card for less than the full amount owed, the lender reports it as "Settled". This status tells future lenders that you did not honour your full debt – it is a major red flag and can lower your CIBIL score by 50–100 points.
Our Settled Clearance service helps you get this remark either removed entirely or upgraded to a less harmful "Closed" status, dramatically improving your creditworthiness.
50-100
Points increase after settled removal
8,000+
Accounts upgraded successfully
30 Days
Typical resolution timeline
🔍 How a Settled Account Hurts You
- Score Drop: 50-100 points reduction
- Loan Rejection: 80% of banks reject applications with settled accounts
- Higher Interest Rates: Even if approved, rates are 2-5% higher
- Long-lasting Damage: Stays on report for 7 years
🔧 Our Settled Clearance Process
1
Obtain No Dues Certificate (NDC)
We help you secure a NOC/no-dues letter from the lender confirming full and final settlement.
2
Verify the Entry
Our experts cross-check the settled entry with your settlement deed and payment records.
3
Draft Dispute Letters
We prepare legal notices pointing out that the status should be "Closed" as per RBI guidelines.
4
File with Credit Bureaus & Lender
We submit the dispute to CIBIL, Equifax, Experian, and the original lender simultaneously.
5
Escalate if Needed
If the lender delays, we escalate to the Banking Ombudsman and RBI.
6
Confirmation & Updated Report
Once the status is corrected, we provide you with an updated credit report and a certificate of resolution.
✅ Key Benefits of Settled Clearance
📈 Score Boost
Removing a settled status can increase your score by up to 100 points.
🏦 Loan Eligibility
Banks reject applications with settled accounts; after correction, your approval chances soar.
⚖️ Legally Compliant
All actions are based on RBI circulars and the Credit Information Companies Act.
💰 No-Win-No-Fee
If we cannot upgrade the status, you get a full refund.
📉 Lower Interest Rates
Clean report helps you qualify for competitive interest rates.
🏠 Home Loan Approval
Major banks approve home loans only after settled status is removed.
🌟 Why Choose Our Settled Clearance Service?
We have successfully upgraded over 8,000 settled accounts to "Closed". Our dedicated legal team uses RBI's 2017 circular (on settlement of dues) which directs lenders to update the status appropriately. We don't just file a dispute – we negotiate with banks and bureaus on your behalf, and if necessary, approach the Banking Ombudsman. With our money-back guarantee, you have nothing to lose.
❓ Frequently Asked Questions
Can a settled account ever be removed completely?
Yes, after 7 years from the date of settlement, it must be auto-removed. We can also try to get it removed earlier if the settlement was done in good faith and the lender agrees to update the status.
How long does the process take?
Typically 30-45 days. Bureaus have 30 days to respond; we handle all follow-up and escalation to ensure timely resolution.
Will I have to pay the remaining amount?
No. Our service focuses on correcting the credit remark. You do not need to pay any extra amount to the original lender. We only work with the settlement already done.
What if the bank refuses to update?
We escalate to the Banking Ombudsman and RBI. Our legal team ensures your rights are protected under RBI guidelines.