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

Related FAQs

Can I negotiate a lower interest rate as part of a debt settlement?
Do I need to hire a lawyer to negotiate a debt settlement?
Can I negotiate a debt settlement without a debt settlement company?
Should I be wary of any companies offering “instant” debt settlement?
What is a debt settlement plan and how does it work?
Who should I contact to settle my debt?
What should I look for in a good debt settlement company?
Is debt settlement better than bankruptcy?
Is there a minimum debt amount to qualify for debt settlement?
Are there any discounts available for debt settlement?

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