I am currently facing difficulty in paying off my ICICI credit card balance of approximately ₹1 lakh. I have been considering a settlement, and a private law firm has offered to help settle the amount for around ₹30,000 to ₹40,000, which is more manageable for me. While I understand this will affect my CIBIL score, the firm has assured me that they can help rebuild it afterward.
I’m aware that a settlement will be reflected in my credit report, which could result in future challenges, such as difficulty obtaining loans or facing higher interest rates. However, I can manage this by relying...
