Are you struggling with debt and looking for a way to settle your dues? One Time Settlement (OTS) might be the solution you need. In this answer, we’ll delve into the world of OTS, exploring its benefits, process, and everything in between. What is One Time Settlement (OTS)? One Time Settlement (OTS) is a debt settlement process where a lender agrees to accept a one-time payment from a borrower, which is less than the total outstanding amount. This payment settles the entire debt, and the borrower is no longer liable for the remaining amount.