Are there any drawbacks to settling a debt?

Related FAQs

Should I be wary of any companies offering “instant” debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
How do I make sure I receive a fair settlement from my creditors?
What are the guidelines for debt settlement under law?
How will I know if the debt settlement negotiations are successful?
What is a debt settlement plan and how does it work?
What happens if I can’t afford to settle the debt in full?
What is debt settlement law?
What should I look for in a good debt settlement company?
How long does it take to complete a debt settlement?

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