Are there any drawbacks to settling a debt?

Related FAQs

Should I use a debt settlement company or negotiate directly with my creditors?
Do I need to hire a lawyer to negotiate a debt settlement?
Can I negotiate debt settlement with multiple creditors at once?
What should I look for in a good debt settlement company?
Can I negotiate more than one debt settlement at once?
How can I monitor my progress during a debt settlement process?
How do I know if a debt settlement company is legitimate?
Can I be sued while in the process of settling a debt?
Is there a statute of limitations on debt settlement?
How much should I expect to pay for a debt settlement service?

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