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

Related FAQs

How does a creditor determine if a debt should be settled?
Can I negotiate debt settlement with multiple creditors at once?
What is a deemed satisfaction and how does that apply to debt settlement?
Are there any alternatives to debt settlement?
How long does it take to complete a debt settlement?
Are there any tax consequences to debt settlement?
How will I know if a debt settlement offer is fair?
How can I learn more about debt settlement laws in my state?
What are my rights and options when it comes to settling debt?
How long will it take to settle a debt?

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