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

Related FAQs

Who should I contact to settle my debt?
How does debt settlement impact my credit score?
How can I make a debt settlement offer more attractive to creditors?
Are there any laws governing debt settlement?
Are there any drawbacks to settling a debt?
How much should I expect to pay for a debt settlement service?
How quickly can I expect to see results from a debt settlement?
Are there any tax implications of debt settlement?
Are there any risks associated with using a debt settlement firm?
Do I have to pay taxes on debt settled through negotiations?

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