Are there any drawbacks to settling a debt?

Related FAQs

Are there any services that can help me with a debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
How do I find out the balance of my debt?
How much money can I save by settling a debt?
Are there any programs offering debt settlement help?
Is there a statute of limitations on debt settlement?
How can I make a debt settlement offer more attractive to creditors?
What is a debt settlement plan and how does it work?
Are there any tax consequences to debt settlement?
What if I can’t pay the full amount of a debt settlement?

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