The amount of the settlement will be determined by how much you owe, the kind of card you have, and your capacity to pay. In most cases, debt settlement businesses may obtain settlements for 40-50% of the borrower's outstanding dues.
However, to obtain this settlement, you must follow the procedure outlined by the debt settlement firm. This might include stopping payments to all lenders so that discussions may begin.
The debt collection policy of HDFC Bank is based on respect and care for consumers. The bank's choice is not to use methods that are overly severe in the collection of debts.
HDFC Credit card Settlement, Definitive Guide
