What is the difference between debt negotiation and debt settlement?

Related FAQs

What happens if a debt settlement is not completed on time?
When is it best to pursue debt settlement?
What is a debt settlement plan and how does it work?
How do I know if a debt settlement company is reputable?
Do I have to pay taxes on debt settled through negotiations?
Should I be wary of any companies offering “instant” debt settlement?
What should I do if a creditor refuses to negotiate a debt settlement?
What is the average time frame for debt settlement negotiations?
What if the creditor refuses to settle the debt?
What is the difference between debt settlement and debt consolidation?

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