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

Related FAQs

When is it best to pursue debt settlement?
Are there any discounts available for debt settlement?
Is there any way to expedite the debt settlement process?
Can I negotiate a lower principal balance as part of a debt settlement?
Are there any ways to avoid paying for a debt settlement service?
How do I report a debt settlement to the IRS?
How much should I expect to pay for a debt settlement service?
Are there any costs associated with a successful debt settlement?
What should I do if a creditor refuses to negotiate a debt settlement?
Can creditors refuse to negotiate a debt settlement?

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