What are the risks of choosing to settle a debt?

Related FAQs

What penalties or interest can creditors charge when settling debt?
How do I know if I have been approved for a debt settlement?
How long will it take to settle a debt?
How do I know if a debt settlement company is legitimate?
What fees will I pay if I use a debt settlement company?
Can a debt settlement company guarantee a successful settlement?
Can I negotiate multiple debts at once during the settlement process?
What should I do if I can’t agree on a settlement amount?
Are there any risks associated with using a debt settlement firm?
How does a creditor determine if a debt should be settled?

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