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

Related FAQs

How do I know if I have been approved for a debt settlement?
Can I negotiate a lower interest rate as part of a debt settlement?
Can creditors refuse to negotiate a debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
What is the difference between debt settlement and debt management?
What should I look for in a good debt settlement company?
How does debt settlement impact my credit score?
Is there a statute of limitations on debt settlement?
Are there any potential risks if I choose not to settle my debts?
Can a creditor challenge a debt settlement?

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