6E Rewards XL – IndiGo HDFC Bank Credit Card Settlement What to do if you're struggling with dues.

Intro

- 6E Rewards XL Credit Card - Co-branded by IndiGo & HDFC Bank - Earn 6E Rewards on IndiGo & daily spends - Annual Fee: ₹2,500 + GST

Know Your Card

Missed EMIs or high dues? Common causes: - Job loss - Medical emergency - Overspending - Interest pile-up

Common Reasons for Settlement

Not the same as payment! Settlement = - You negotiate a reduced lump-sum - The bank closes the card after payment - Marked as “Settled” in CIBIL

What is a Credit Card Settlement?

- When your total dues are unmanageable - EMI bounce, legal notices - After failed attempts to pay the minimum due - Not for temporary payment issues!

When to Consider Settlement?

- Call HDFC Customer Care - Request for Hardship Settlement - Submit income/medical/job loss proof - Negotiate a final one-time payment - Take everything in writing

Steps to Initiate Settlement

CIBIL Score Impact: - The score may drop by 75–150 points - “Settled” status stays for 7 years - Future loan approvals become difficult

What Happens to Your Credit Score?

Explore other options first: - EMI Conversion - Balance Transfer - Personal Loan - Payment Moratorium (if available)

Tips Before Settling

- Get NOC (No Objection Certificate) - Check your CIBIL report - Rebuild credit slowly - Avoid using more than the 30% limit on future cards

Post-Settlement Steps

Settlement is the last resort, not an escape! If used wisely, it offers a fresh start—but always try to repay in full to protect your financial health. Need help? Contact HDFC’s Settlement Cell today.

Final Thoughts