Are there any drawbacks to settling a debt?

Related FAQs

How will I know if the debt settlement negotiations are successful?
What are the risks of choosing to settle a debt?
How long will it take to settle a debt?
How will I know if a debt settlement offer is fair?
What if I can’t pay the full amount of a debt settlement?
Is debt settlement a better solution than bankruptcy?
What is a deemed satisfaction and how does that apply to debt settlement?
Can I negotiate a debt settlement on my own?
What is the average debt settlement amount?
What is an unsecured debt and how does it impact debt settlement?

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