What are the risks of choosing to settle a debt?

Related FAQs

Can I negotiate a lower interest rate as part of a debt settlement?
Is debt settlement reported to credit bureaus?
Should I be wary of any companies offering “instant” debt settlement?
How do I know if debt settlement is right for me?
What is the difference between debt settlement and debt consolidation?
Can I negotiate a debt settlement on my own?
How can I monitor my progress during a debt settlement process?
What happens if I can’t afford to settle the debt in full?
Are there any potential risks if I choose not to settle my debts?
Can I negotiate more than one debt settlement at once?

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