Are there any drawbacks to settling a debt?

Related FAQs

How do I make sure I receive a fair settlement from my creditors?
How can I ensure I don’t fall behind on payments during the settlement process?
Can I negotiate more than one debt settlement at once?
Is it possible to settle a debt for less than the amount owed?
Can I be sued while in the process of settling a debt?
What is debt settlement law?
Can I negotiate a debt settlement without a debt settlement company?
Is debt settlement a better solution than bankruptcy?
What happens if I can’t afford to settle the debt in full?
Are there any tax implications of debt settlement?

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