Mon, Nov 27, 2023
Many people do not know that loan settlement has a negative impact on their credit score. The loan settlement tag on your loan account can create difficulties in taking a further loan. If you apply for a credit card, you may not get a high limit because of the tag.
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Wed, May 11, 2022
The process of paying off a debt to a lender at an amount that is lower than what is due is known as loan settlement or debt settlement. In this process, the debtor agrees to pay a lump sum or via a repayment plan, or a mix of both to settle the debts.
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