Paytm HDFC Bank Mobile Credit Card Settlement

- Learn how to settle your credit card dues easily - Complete Step-by-Step Guide

What is Credit Card Settlement?

- The settlement means agreeing with the bank to pay a reduced amount. - You don’t pay the entire outstanding – just a part of it. - A credit report shows "Settled" – this affects your CIBIL score.

When Should You Go for Settlement?

- When you're unable to repay your dues - Continuous missed EMIs - Constant calls from recovery agents - If you’ve received a legal notice

How to Settle Paytm HDFC Mobile Credit Card?

Step 1: Call HDFC Bank Customer Care Step 2: Request a settlement offer Step 3: Agree on a one-time settlement amount Step 4: Take a written agreement & make the payment

Documents & Precautions

Required Documents: - ID Proof - Income Proof - Settlement Letter from HDFC Bank Precautions: - Always get written confirmation - Collect No Objection Certificate (NOC) - Check the CIBIL Report after settlement.

Impact on CIBIL Score

- Settlement will reduce your credit score - It may affect future loan or credit card approvals - Better Alternatives: Restructuring or Balance Transfers