I got a 1099-c for a personal loan. Does that mean I don’t have to pay it back? Or I only have to pay back the settlement amount, if anything? Does it affect taxes?

I received it for a loan that was supposed to be settled. The settlement company says it’s not settled on their end but I got a 1099c for it. They can’t tell me that if there is a settlement, do I need to pay back the settlement amount, or do I not need to pay it at all? If there is a settlement, and it’s not paid, what could happen? How does it affect my taxes? I’m so confused