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

Related FAQs

What are the potential consequences of a failed debt settlement?
When can I start making payments on my debt settlement?
Can I be sued while in the process of settling a debt?
What documents do I need to provide during a debt settlement process?
How long does it take to complete a debt settlement?
Is it possible to settle a debt for less than the amount owed?
Can I negotiate multiple debts at once during the settlement process?
What should I do if I can’t agree on a settlement amount?
What will happen to my credit score after a successful debt settlement?
Are there any ways to avoid paying for a debt settlement service?

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