What are the risks of choosing to settle a debt?

Related FAQs

How will I know if the debt settlement negotiations are successful?
How much should I expect to pay for a debt settlement service?
How do I know if debt settlement is right for me?
How can I ensure I don’t fall behind on payments during the settlement process?
Is it possible to settle a debt for less than the amount owed?
Should I be wary of any companies offering “instant” debt settlement?
Can I negotiate a lower interest rate as part of a debt settlement?
Can I be sued while in the process of settling a debt?
Are there any tax consequences to debt settlement?
What is the average time frame for debt settlement negotiations?

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