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blog address: https://www.loanrelief.in/personal-loan-settlement/
keywords: Personal Loan Settlement Company
member since: Apr 29, 2025 | Viewed: 145
Loan Settlement for Personal Loans: How Does It Work?
Category: Finance
Pros of Loan Settlement ✅ Reduces Financial Burden – Helps borrowers pay a lower amount than the actual debt. ✅ Avoids Legal Consequences – Prevents lawsuits and legal action by the lender. Cons of Loan Settlement ❌ Negative Impact on CIBIL Score – A “settled” loan status reduces your credit score. ❌ Future Loan Difficulties – Banks may reject future loan applications due to a settlement record.
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