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

Related FAQs

Can I negotiate a debt settlement without the help of an attorney?
How long will it take to settle a debt?
How can I make a debt settlement offer more attractive to creditors?
What is a debt settlement plan and how does it work?
How do I know if debt settlement is right for me?
Is it possible to settle a debt for less than the amount owed?
What happens if I miss a payment on a debt settlement?
How much should I expect to pay for a debt settlement service?
What is a “hardship program” and how can it help with debt settlement?
What is the process for appealing a denied debt settlement?

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