What are the risks of choosing to settle a debt?

Related FAQs

Can I negotiate a debt settlement on my own?
How do I know if debt settlement is right for me?
What is a “hardship program” and how can it help with debt settlement?
Can a creditor challenge a debt settlement?
How will I know if a debt settlement offer is fair?
Can I negotiate debt settlement with multiple creditors at once?
Who should I contact to settle my debt?
What should I do if a creditor refuses to negotiate a debt settlement?
How do I know if a debt settlement company is reputable?
Are there any costs associated with a successful debt settlement?

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