Summary Loan Settlement Agreement is a legal document that records the loan agreement made by mutual consent between the borrower and the lender in written form. This agreement is made when the borrower is unable to repay the entire loan due to some reason and the lender allows him to repay the loan in a […]
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Summary Loan settlement has a direct impact on your CIBIL score, and it can harm your financial credibility. Whenever a person is unable to repay the full amount of the loan due to any reason, the bank gives him the option of settlement, in which some amount is waived, and on repaying the remaining amount,
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Summary loan settlement – When a person is unable to pay the EMI of a personal loan on time, the bank makes several efforts to repay it. If this problem drags on, the bank can also take legal action against the borrower and file a case in court. In this situation, it is most important
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