What are the risks of choosing to settle a debt?

Related FAQs

Do I have to pay taxes on debt settled through negotiations?
Should I be wary of any companies offering “instant” debt settlement?
Can creditors refuse to negotiate a debt settlement?
What should I look for in a good debt settlement company?
What is an unsecured debt and how does it impact debt settlement?
Can I negotiate a lower principal balance as part of a debt settlement?
How do I make sure I receive a fair settlement from my creditors?
What is the difference between debt negotiation and debt settlement?
When is it best to pursue debt settlement?
Is there any way to expedite the debt settlement process?

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