What are the risks of choosing to settle a debt?

Related FAQs

Are there any ways to avoid paying for a debt settlement service?
What should I do if I can’t agree on a settlement amount?
How does debt settlement impact my credit score?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
Can I negotiate a lower interest rate as part of a debt settlement?
Are there any drawbacks to settling a debt?
Can I be sued while in the process of settling a debt?
Do I need to hire a lawyer to negotiate a debt settlement?
When can I start making payments on my debt settlement?
What happens if I miss a payment on a debt settlement?

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