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

Related FAQs

What fees are associated with debt settlement?
What will happen to my credit score after a successful debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
Who should I contact to settle my debt?
Should I use a debt settlement company or negotiate directly with my creditors?
How long will it take to settle a debt?
Are there any programs offering debt settlement help?
What should I do if I can’t agree on a settlement amount?
How can I monitor my progress during a debt settlement process?
How do I report a debt settlement to the IRS?

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