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

Related FAQs

Are there any legal risks associated with debt settlement?
What are the risks of choosing to settle a debt?
Can I negotiate debt settlement with multiple creditors at once?
How can I ensure I don’t fall behind on payments during the settlement process?
How can I monitor my progress during a debt settlement process?
Can a debt settlement company guarantee a successful settlement?
What should I do if I can’t agree on a settlement amount?
How will I know if the debt settlement negotiations are successful?
What are the potential consequences of a failed debt settlement?
What is the difference between debt settlement and debt management?

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