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Loan Settlement

How Loan Settlement Affects Your Credit Score

How Loan Settlement Affects Your Credit Score

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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