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Managing loan repayments can be challenging, especially when facing financial difficulties. In such cases, borrowers are often presented with two options: loan settlement and loan restructure. Each option has its pros and cons, and choosing the right one can have significant implications for your financial future. Understanding when to opt for loan settlement and when to consider loan restructuring is key to making a sound financial decision. This article outlines the differences between the two options, their impacts, and when each is appropriate. What is loan settlement? Loan settlement is an option offered by lenders when a borrower is unable…