How does a creditor determine if a debt should be settled?

Related FAQs

Are there any drawbacks to settling a debt?
How do I report a debt settlement to the IRS?
What are the guidelines for debt settlement under law?
Are there any programs offering debt settlement help?
Can I negotiate debt settlement with multiple creditors at once?
Are there any discounts available for debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
Is it possible to settle a debt for less than the amount owed?
Is debt settlement better than bankruptcy?
What is a lump-sum debt settlement and how does it work?

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