Are there any drawbacks to settling a debt?

Related FAQs

Who should I contact to settle my debt?
How do I find out the balance of my debt?
What will happen to my credit score after a successful debt settlement?
Are there any programs offering debt settlement help?
How do I stop debt collection calls during the settlement process?
What happens to the debt that’s been settled?
What is the difference between debt negotiation and debt settlement?
Are there any legal risks associated with debt settlement?
Is there a statute of limitations on debt settlement?
What are my rights and options when it comes to settling debt?

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