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

Related FAQs

Are there any alternatives to debt settlement?
Can I negotiate a debt settlement without the help of an attorney?
Can I negotiate a reduced settlement amount?
Can I negotiate debt settlement with multiple creditors at once?
Should I be wary of any companies offering “instant” debt settlement?
What happens if a debt settlement is not completed on time?
Can I negotiate a lower interest rate as part of a debt settlement?
How can I learn more about debt settlement laws in my state?
What is the process for appealing a denied debt settlement?
Are there any tax consequences to debt settlement?

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