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

Related FAQs

Is there any way to expedite the debt settlement process?
Is there a statute of limitations on debt settlement?
Are there any risks associated with using a debt settlement firm?
What happens if a debt settlement is not completed on time?
Should I be wary of any companies offering “instant” debt settlement?
Do I need to hire a lawyer to negotiate a debt settlement?
What if I can’t pay the full amount of a debt settlement?
Can I negotiate a debt settlement over the phone?
Is it possible to settle a debt for less than the amount owed?
What is the difference between debt settlement and debt management?

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