What are the risks of choosing to settle a debt?

Related FAQs

What documents do I need to provide during a debt settlement process?
Can creditors refuse to negotiate a debt settlement?
What fees are associated with debt settlement?
What is the difference between debt settlement and debt management?
How does a creditor determine if a debt should be settled?
How will I know if the debt settlement negotiations are successful?
Does debt settlement hurt my chances of obtaining new credit?
Can a creditor challenge a debt settlement?
Is debt settlement a better solution than bankruptcy?
Can I settle a debt if I’m unemployed?

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