Are there any drawbacks to settling a debt?

Related FAQs

What happens if I miss a payment on a debt settlement?
Can I settle a debt if I’m unemployed?
Is debt settlement reported to credit bureaus?
How do I know if I have been approved for a debt settlement?
How can I learn more about debt settlement laws in my state?
How do I protect my credit score during a debt settlement?
What is a “hardship program” and how can it help with debt settlement?
What are the potential consequences of a failed debt settlement?
What are the risks of choosing to settle a debt?
When can I start making payments on my debt settlement?

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