Are there any drawbacks to settling a debt?

Related FAQs

What are the guidelines for debt settlement under law?
Are there any potential risks if I choose not to settle my debts?
Can a debt settlement company guarantee a successful settlement?
What if the creditor refuses to settle the debt?
Is there any way to expedite the debt settlement process?
Can I negotiate a debt settlement without the help of an attorney?
How long does it take to complete a debt settlement?
How will I know if a debt settlement offer is fair?
Are there any tax consequences to debt settlement?
How do I protect my credit score during a debt settlement?

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