Personal Loan Settlement Percentage refers to the portion of the outstanding loan amount that a lender agrees to accept as a one-time payment to settle the debt. This typically happens when a borrower is unable to repay the full amount due to financial difficulties. The percentage varies based on factors like loan amount, repayment history, and negotiations with the lender. While settlement reduces debt burden, it can negatively impact credit scores, making it important to consider before proceeding.
