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

Related FAQs

Are there any legal requirements to debt settlement?
What happens if I can’t afford to settle the debt in full?
Is debt settlement a better solution than bankruptcy?
What is the difference between debt settlement and debt management?
How long will it take to settle a debt?
Is there a minimum debt amount to qualify for debt settlement?
How do I stop debt collection calls during the settlement process?
What is the best way to negotiate a debt settlement?
Are there any risks associated with using a debt settlement firm?
What is the process for appealing a denied debt settlement?

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