What are the risks of choosing to settle a debt?

Related FAQs

Are there any tax consequences to debt settlement?
How do I find out the balance of my debt?
Does debt settlement hurt my chances of obtaining new credit?
Can I negotiate a lower interest rate as part of a debt settlement?
What is the best way to document a debt settlement?
How do I know if debt settlement is right for me?
What happens to the debt that’s been settled?
How will I know if a debt settlement offer is fair?
What is the difference between debt settlement and debt consolidation?
Can a debt settlement company guarantee a successful settlement?

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