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

Related FAQs

Are there any tax consequences to debt settlement?
What is the difference between debt settlement and debt management?
Can a debt settlement company guarantee a successful settlement?
Do I need to hire a lawyer to negotiate a debt settlement?
Are there any drawbacks to settling a debt?
How do I know if a debt settlement company is legitimate?
Are there any potential risks if I choose not to settle my debts?
How do I know if a debt settlement company is reputable?
Can I negotiate debt settlement with multiple creditors at once?
Is there a statute of limitations on debt settlement?

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