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

Related FAQs

How do I find out the balance of my debt?
What are the guidelines for debt settlement under law?
What is debt settlement law?
Are there any services that can help me with a debt settlement?
Can I negotiate a debt settlement without a debt settlement company?
Can a creditor challenge a debt settlement?
Should I use a debt settlement company or negotiate directly with my creditors?
Can I negotiate a reduced settlement amount?
Can I negotiate a debt settlement on my own?
What happens if a debt settlement is not completed on time?

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