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

Related FAQs

How can I make a debt settlement offer more attractive to creditors?
What are my rights and options when it comes to settling debt?
What is the average time frame for debt settlement negotiations?
How long will it take to settle a debt?
Are there any discounts available for debt settlement?
Who should I contact to settle my debt?
Should I use a debt settlement company or negotiate directly with my creditors?
What is a “hardship program” and how can it help with debt settlement?
How do I report a debt settlement to the IRS?
Are there any tax consequences to debt settlement?

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