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

Related FAQs

Does debt settlement hurt my chances of obtaining new credit?
How does debt settlement impact my credit score?
What should I do if a creditor refuses to negotiate a debt settlement?
Can creditors refuse to negotiate a debt settlement?
What is a debt settlement plan and how does it work?
Who should I contact to settle my debt?
Are there any programs offering debt settlement help?
What is a “hardship program” and how can it help with debt settlement?
What should I do if I can’t agree on a settlement amount?
How much should I expect to pay for a debt settlement service?

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