Is it possible to settle a debt for less than the amount owed?

Related FAQs

Are there any alternatives to debt settlement?
Can I negotiate multiple debts at once during the settlement process?
Can a debt settlement company guarantee a successful settlement?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
What is a “hardship program” and how can it help with debt settlement?
Is it possible to settle a debt for less than the amount owed?
What fees will I pay if I use a debt settlement company?
Is debt settlement a better solution than bankruptcy?
How do I know if a debt settlement company is reputable?
What is the best way to negotiate a debt settlement?

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