Is debt settlement a good way to reduce debt?

Related FAQs

Can I negotiate a lower principal balance as part of a debt settlement?
What happens to the debt that’s been settled?
What fees are associated with debt settlement?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
How do I know if a debt settlement company is legitimate?
What are the risks of choosing to settle a debt?
What is the difference between debt negotiation and debt settlement?
What should I do if a creditor refuses to negotiate a debt settlement?
Can I negotiate more than one debt settlement at once?
What if I can’t pay the full amount of a debt settlement?

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