Are there any legal requirements to debt settlement?

Related FAQs

What are my rights and options when it comes to settling debt?
What is the average debt settlement amount?
Is debt settlement reported to credit bureaus?
How will I know if a debt settlement offer is fair?
How does a creditor determine if a debt should be settled?
How will I know if the debt settlement negotiations are successful?
How much should I expect to pay for a debt settlement service?
Can I settle a debt if I’m unemployed?
When can I start making payments on my debt settlement?
Does debt settlement hurt my chances of obtaining new credit?

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