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

Related FAQs

What are my rights and options when it comes to settling debt?
What fees will I pay if I use a debt settlement company?
Do I need to hire a lawyer to negotiate a debt settlement?
Are there any risks associated with using a debt settlement firm?
What is debt settlement law?
Are there any tax consequences to debt settlement?
Are there any programs offering debt settlement help?
Can a creditor challenge a debt settlement?
How long will it take to settle a debt?
Can I negotiate a lower principal balance as part of a debt settlement?

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