Facing difficulty in repaying your Axis SELECT Credit Card bill? Learn how to settle it smartly!

Credit Card Settlement means negotiating with Axis Bank to pay a reduced amount instead of the full outstanding balance. This is different from full repayment and can impact your CIBIL score.

What is Credit Card Settlement?

- If you are unable to pay due to financial hardship - If your dues have turned into an NPA (Non-Performing Asset) - If you have tried EMIs & restructuring, but still can’t clear the balance

When Should You Opt for Settlement?

- Contact Axis Bank's debt settlement team - Explain your financial situation with proof - Negotiate for a reduced lump sum amount - Get a written agreement before making a payment

Steps to Settle Your Axis SELECT Credit Card Bill

Pros: - Immediate debt relief - No legal action from the bank Cons: - CIBIL Score drops significantly - Future loans/credit cards may be difficult to get

Pros & Cons of Credit Card Settlement

- Request for waiver on late fees & interest - Apply for a personal loan to clear dues - Contact Axis Bank ASAP to explore options before choosing a settlement!

Smart Alternatives to Settlement