Debt Settlements – Terms & Conditions

These Terms & Conditions (“Terms”) govern your access to and use of the website https://debtsettlements.in and the services provided by Debt Settlements (“we”, “us”, or “our”).
By using our website and engaging with our services, you agree to these Terms.
If you do not agree to any part of these Terms, you must not use our website or services.

 

1. Overview & Scope of Services

Nature of Business

Debt Settlements offers consultancy, negotiation, and settlement assistance for existing loans and debts. We act as an intermediary to communicate with creditors, negotiate settlements, and guide clients.
We do not lend money, issue credit, or act as a financial institution or NBFC.

Advisory Role Only

Our role is limited to providing advice, facilitation, documentation support, negotiation, and representation (where permitted).
Final decisions by creditors or lenders are beyond our control.

Regulatory Disclaimer

Debt Settlements operates as a consultancy and negotiation service provider and does not hold any license from the Reserve Bank of India (RBI).
All settlements are conducted in accordance with applicable RBI guidelines on One-Time Settlements (OTS) and fair recovery practices.

 

2. Eligibility & Client Representations

• You must be at least 18 years old and legally competent to contract under Indian law.
• You represent and warrant that all information you provide (financial details, debt details, identity documents, etc.) is accurate, complete, and not misleading.
• You consent to us verifying your documents, contacting your creditors, and using third-party services (e.g., credit bureaus) as required for our services.
• We are not a law firm and do not provide direct legal representation in court. Any legal assistance is provided only through independent legal partners, with your separate consent.

 

3. Client Duties & Cooperation

• You must promptly provide all required documents, statements, and information relevant to your debts, income, assets, and liabilities.
• You authorize us to communicate with your lenders, creditors, collection agencies, and legal counsels on your behalf.
• You must not misrepresent, conceal, or falsify any fact or document.
• You agree to act in good faith, respond in a timely manner to our queries, and comply with agreed settlement plans.

 

4. Fees, Payments & Fee Structure

Fee Disclosure

Before engaging our services, we will disclose all applicable fees (consultation fees, service fees, success/settlement fees, retainer, etc.) in writing through a proposal or contract. No hidden charges will apply.

Success / Settlement Fee

Our primary fee may be contingent on achieving a settlement or reduction of the debt. The specific percentage or amount will be clearly stated in the engagement agreement.

Payment Terms

You must pay fees in accordance with the schedule set in the engagement agreement (e.g., upfront, milestone, or post-settlement).
Unless otherwise specified, fees paid are non-refundable, except where required by law or expressly stated in the agreement.

 

5. No Guarantee of Outcome

We endeavour to negotiate favourable outcomes, but we do not guarantee any specific reduction, interest waiver, settlement percentage, or timeline.
Creditors have full discretion to accept, reject, or modify any settlement offer.
Our liability shall not exceed the total fees paid to us under the engagement agreement.

 

6. Confidentiality & Data Protection

All documents, communications, and personal/financial data shared by you with us will be treated as strictly confidential and used only for delivering our services.
We will take reasonable technical and organizational measures to protect your data.

We comply with India’s Digital Personal Data Protection Act, 2023 (DPDP Act).
You may request correction or deletion of your data by emailing us at debt7725@gmail.com.

We may share your information with third parties (creditors, legal counsels, credit bureaus) only as required to perform our services, and with your express consent.
Our Privacy Policy (available on our website) forms part of these Terms and explains how we collect, use, and store your personal data.

 

7. Intellectual Property

All content, design, graphics, text, logos, software, and materials on the website and in our deliverables are the intellectual property of Debt Settlements (or our licensors) and are protected under applicable laws.
You may not copy, reproduce, republish, distribute, or create derivative works from our content without our prior written consent.

 

8. Termination & Suspension

We may suspend or terminate our services (or your access to the website) if we reasonably believe you have breached these Terms, provided false information, or engaged in fraudulent or illegal activity.
Upon termination, you remain liable for all fees and costs incurred up to that point.
Certain provisions (e.g., confidentiality, limitation of liability, governing law) will survive termination.

 

9. Limitation of Liability & Indemnification

Liability Cap

To the fullest extent permitted by law, our liability under or in relation to these Terms shall not exceed the total fees paid by you to us.

Exclusion of Consequential Damages

We shall not be liable for any indirect, incidental, special, consequential, or punitive damages (including loss of profit, opportunity, or reputation).

Indemnification

You agree to indemnify, defend, and hold harmless Debt Settlements, its officers, employees, agents, and affiliates from any claims, liabilities, losses, damages, costs, or expenses (including legal fees) arising from your breach of these Terms or misuse of our services.

 

10. Disclaimers

• We do not guarantee that creditors will accept any settlement proposal.
• We are not responsible for the actions or inactions of creditors or external parties (e.g., banks, agents).
• We make no representation that our services will improve your credit score or creditworthiness.
• You acknowledge that debt settlement may negatively impact your credit history, credit score, or future borrowing ability.

 

11. Amendments

We may update or modify these Terms from time to time. The latest version will be posted on our website with a new “Last Updated” date.
Continued use of our website or services after changes constitutes your acceptance of the revised Terms.

 

12. Severability

If any provision of these Terms is held invalid, illegal, or unenforceable, that provision shall be severed, and the remaining Terms shall remain in full force and effect.

 

13. Notices & Contact Information

Company Name: Debt Settlements
Website: https://debtsettlements.in
Email: debt7725@gmail.com
Phone: +91 92086 42533
Address: First Floor, Street Number 76, Gautam Budh Nagar, Noida, Uttar Pradesh, India