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

Related FAQs

What is a “hardship program” and how can it help with debt settlement?
Is debt settlement a good way to reduce debt?
Is there a minimum debt amount to qualify for debt settlement?
How do I make sure I receive a fair settlement from my creditors?
What is the process for appealing a denied debt settlement?
Is it possible to settle a debt for less than the amount owed?
What is the average debt settlement amount?
Can I negotiate a debt settlement without the help of an attorney?
How much should I expect to pay for a debt settlement service?
Can I negotiate a lower principal balance as part of a debt settlement?

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