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

Related FAQs

Can I negotiate multiple debts at once during the settlement process?
Is there a minimum debt amount to qualify for debt settlement?
Are there any risks associated with using a debt settlement firm?
Is debt settlement a good way to reduce debt?
How long will it take to settle a debt?
How does a creditor determine if a debt should be settled?
How quickly can I expect to see results from a debt settlement?
What happens to the debt that’s been settled?
What is the difference between debt settlement and debt consolidation?
Should I use a debt settlement company or negotiate directly with my creditors?

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