A Loan Settlement can be a lifeline when you can’t cope with debt. It usually means your lender has consented to take a part payment to settle the account, saving you from more dire action. Yet, though this may provide a temporary respite, the history of a settle loan on your CIBIL report can drop your credit score dramatically & make it more challenging to obtain loans or credit card... https://guardianfinancialexperts.com/blog/how-to-remove-a-loan-settled-record-from-my-cibil-report/