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

Related FAQs

What is the best way to document a debt settlement?
How do I know if a debt settlement company is reputable?
Are there any laws governing debt settlement?
Can I negotiate more than one debt settlement at once?
Does debt settlement hurt my chances of obtaining new credit?
What will happen to my credit score after a successful debt settlement?
Are there any ways to avoid paying for a debt settlement service?
Can I negotiate a reduced settlement amount?
Is there any way to expedite the debt settlement process?
What is the difference between debt settlement and debt management?

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