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?
Can I negotiate a debt settlement without the help of an attorney?
How much money can I save by settling a debt?
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Can I be sued while in the process of settling a debt?
Are there any legal risks associated with debt settlement?
How do I make sure I receive a fair settlement from my creditors?
Is it possible to settle a debt for less than the amount owed?
Is debt settlement a better solution than bankruptcy?
Can I negotiate a reduced settlement amount?

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