Terms and Conditions
By accessing or using this website and/or availing services from DebtOut (“Company”, “we”, “us”), the user (“Client”, “you”) agrees to be bound by the following Terms and Conditions.
Nature of Services
DebtOut provides debt resolution, negotiation, and settlement assistance services for unsecured debts such as personal loans, credit cards, BNPL dues, and similar financial obligations.
• DebtOut is not a bank, NBFC, lender, or financial institution.
• We do not provide loans, guarantees, or credit repair services.
• We act solely as a facilitator or negotiator between the Client and creditors based on proper authorization.
No Guarantee of Outcome
Debt settlement is a negotiation-based process, and outcomes vary depending on several factors.
• DebtOut does not guarantee any specific reduction, waiver, settlement amount, or creditor acceptance.
• Outcomes depend on creditor discretion, the Client’s financial position, and timely cooperation.
• Credit score impact is outside our control, and no assurance of credit score improvement is provided.
Client Obligations
The Client agrees to the following obligations:
• Provide true, accurate, and complete information regarding debts and finances.
• Execute a Letter of Authority authorizing DebtOut to negotiate with creditors.
• Make timely payments toward agreed fees and settlement funds.
• Continue to comply with creditor obligations unless otherwise advised in writing.
• Cooperate fully throughout the settlement process.
Failure to comply with these obligations may result in termination of services without any refund.
Fees and Payments
• Services are chargeable as per the agreed Service Plan.
• Fees may include onboarding, platform, consultation, or success-based settlement fees.
• All fees once paid are non-refundable, except where expressly stated in writing.
• DebtOut is not responsible for any third-party costs, penalties, or creditor-imposed charges.
Refund and Cancellation
• A 48-hour cooling-off period may apply from the date of enrollment, if stated in the Service Plan.
• After this period, no refund shall be applicable.
• Cancellation does not absolve the Client from payment of dues already accrued.
Disclaimer
• Services are provided on an “as-is” and “best-effort” basis.
• DebtOut does not provide legal, tax, or accounting advice.
• Website content is for general information purposes only and may be updated without prior notice.
Limitation of Liability
To the maximum extent permitted under Indian law:
• DebtOut shall not be liable for any indirect, incidental, consequential, or punitive damages.
• Total liability, if any, shall not exceed the fees paid by the Client to DebtOut.
Indemnity
The Client agrees to indemnify and hold harmless DebtOut, its directors, employees, and agents from any claims, losses, liabilities, or expenses arising out of:
• Incorrect or misleading information provided by the Client.
• Breach of these Terms and Conditions.
• Disputes with creditors or third parties.
Intellectual Property
All content, branding, logos, and materials available on this website are the exclusive property of DebtOut and may not be copied, reproduced, distributed, or used without prior written permission.
Termination
DebtOut reserves the right to suspend or terminate services without notice in cases of:
• Non-cooperation by the Client.
• Misrepresentation or false disclosures.
• Non-payment of fees.
• Breach of these Terms and Conditions.
Outstanding fees shall remain payable even after termination.
Governing Law and Dispute Resolution
• These Terms and Conditions shall be governed by the laws of India.
• Seat and jurisdiction shall be Delhi.
• Courts at Delhi shall have exclusive jurisdiction for interim reliefs and dispute resolution.
Amendments
DebtOut reserves the right to modify these Terms and Conditions at any time. Continued use of the website or services constitutes acceptance of the updated Terms.
