Yes, you can use a credit card after debt settlement, but approval may take time. After settling a loan through platforms like FREED, your credit report is marked as “settled,” which can temporarily lower your CIBIL score. Lenders may view this as a risk, making new credit harder to access initially. However, you can rebuild your score by paying dues on time, keeping low credit utilization, and using secured credit cards. With consistent financial discipline, your creditworthiness improves, and you can regain access to regular credit cards over time.
