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

Related FAQs

How can I ensure I don’t fall behind on payments during the settlement process?
How does debt settlement impact my credit score?
What happens if I miss a payment on a debt settlement?
What is the best way to negotiate a debt settlement?
How will I know if a debt settlement offer is fair?
What is the process for appealing a denied debt settlement?
What is the best way to document a debt settlement?
Do I have to pay taxes on debt settled through negotiations?
How can I monitor my progress during a debt settlement process?
Can I negotiate a debt settlement without a debt settlement company?

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