Are there any drawbacks to settling a debt?

Related FAQs

Can I negotiate a reduced settlement amount?
Can a debt settlement company guarantee a successful settlement?
Are there any legal requirements to debt settlement?
Is debt settlement reported to credit bureaus?
What is the process for appealing a denied debt settlement?
What fees are associated with debt settlement?
How can I learn more about debt settlement laws in my state?
How do I report a debt settlement to the IRS?
What fees will I pay if I use a debt settlement company?
What is the best way to negotiate a debt settlement?

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