OTS FINANCE

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LOAN FOR ONE TIME SETTLEMENT
Aloan for one time settlementis a typeof loan that is taken out to settle an outstanding
debt in one lumb sum payment . This type of loanusually taken by individuals who are unable
to payoff their debt in full and want to negotiate with their creditor for a reduced amount in exchange
for one time settlement .The Borrower must negotiate with the lender to reach a mutually acceptable
settlement amount which may be based on various factors such as borrower financial situation the
loan amount of the outstanding debt , and the lenders policies.
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