Frequently asked questions (FAQ'S)

What types of debt can Loancure Solutions help settle?

Loancure Solutions assists with most unsecured debts, including personal loans, credit card dues, business loans without collateral, payday loans, BNPL loans, and app-based digital lending accounts. If unsecured loans make up the bulk of your financial stress, our settlement and resolution services can help you move toward a structured closure.

Is loan settlement the right option for me?

Loan settlement is designed for people facing serious financial stress. If you are struggling with monthly EMIs, dealing with continuous recovery calls, facing legal notices, or simply unable to keep up with repayments, settlement may be the right path. It helps bring unmanageable debt to a lawful close and gives you space to rebuild financially.

What does Loancure Solutions charge for settlement services?

Our pricing is transparent and outcome-driven.

• Settlement Fee: 10% of the successfully settled amount, payable only after settlement is achieved and documented.

• Legal & Documentation Costs:

  • Power of Attorney & Agreement: ₹2,000

  • Signup Fee: Nominal, to cover initial legal and compliance costs

There are no surprise charges. All costs are explained clearly before you enroll.

Will loan settlement affect my CIBIL score?

Yes, loan settlement does impact your credit score, and it’s important to understand this upfront.

How does debt settlement differ from bankruptcy?

Debt settlement involves negotiating to pay less than owed, while bankruptcy is a legal process that can discharge debts but may have more severe and lasting impacts on creditworthiness.

What happens to your credit report:

• The account is marked as “Settled”, not “Closed”

• This indicates partial repayment under agreed settlement terms

• A settled status can remain on your CIBIL report for up to 7 years

Settled vs Default
While settlement lowers your score, it is still better than default or write-off. Settlement shows an effort to resolve the debt, whereas default reflects complete non-payment and causes more severe long-term damage.

Can I choose which loan or credit card accounts to enroll?

Yes. You have full control. You can enroll only the specific loan or credit card accounts you want to resolve, based on your priorities and financial comfort.

How much can I save through Loancure Solutions’ settlement program?

Savings vary depending on factors like lender type, outstanding amount, and your financial profile. In many cases, clients are able to reduce their total payable amount by up to 70% through structured negotiation.

What is the difference between loan settlement and loan consolidation?

• Loan Settlement is meant for borrowers under extreme financial pressure who cannot continue repayments. It focuses on closing loans at reduced amounts.

• Loan Consolidation is a preventive option for borrowers who are still managing payments but want lower EMIs through restructuring, better interest rates, or longer tenure.

We guide you toward the option that actually fits your situation.

Are there any hidden fees?

No. Loancure Solutions follows a fully transparent fee structure. All settlement fees and legal costs are disclosed before enrollment. There are no hidden charges at any stage.

Is Loancure Solutions a genuine company?

Yes. Loancure Solutions operates as a legally compliant debt resolution and borrower protection service. Our work focuses on lawful negotiation, legal safeguards against harassment, and structured financial recovery. We assist clients across India with documented processes and clear accountability.