Start with an honest conversation
Contact your lender before the account goes badly overdue. Many lenders prefer a revised plan to a default.
Ask for restructuring or a revised EMI
A longer tenure or lower EMI can make repayment possible. Ask for the terms in writing.
Use assets or support carefully
Selling an unused asset or getting family support can clear dues cleanly. Avoid new high-interest loans.
Consider settlement as a last step
When repayment is no longer possible, a negotiated settlement can close the account. It carries a credit score cost.
Protect yourself from harassment
Lenders may ask for payment but may not abuse or threaten you. Keep records and complain in writing if they cross the line.
Get guidance early
A short consultation can map your options and the deadlines that matter before you decide.
Looking for specific help? Read our guide to loan default legal support or request a confidential consultation.
This article is general information and not legal advice.