What are the risks of choosing to settle a debt?

Related FAQs

What is a debt settlement plan and how does it work?
Can I negotiate a lower principal balance as part of a debt settlement?
Can I be sued while in the process of settling a debt?
Can I negotiate a lower interest rate as part of a debt settlement?
How do I stop debt collection calls during the settlement process?
Can I negotiate a reduced settlement amount?
What are the potential consequences of a failed debt settlement?
What fees will I pay if I use a debt settlement company?
What should I do if I can’t agree on a settlement amount?
How do I know if a debt settlement company is legitimate?

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