What are the risks of choosing to settle a debt?

Related FAQs

How can I monitor my progress during a debt settlement process?
Do I have to pay taxes on debt settled through negotiations?
What is the process for appealing a denied debt settlement?
How do I find out the balance of my debt?
How do I stop debt collection calls during the settlement process?
What is a deemed satisfaction and how does that apply to debt settlement?
Can I negotiate multiple debts at once during the settlement process?
Are there any tax implications of debt settlement?
Should I be wary of any companies offering “instant” debt settlement?
Can I negotiate more than one debt settlement at once?

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