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

Related FAQs

Can a debt settlement company guarantee a successful settlement?
Can I negotiate a debt settlement without a debt settlement company?
What if the creditor refuses to settle the debt?
How do I protect my credit score during a debt settlement?
How can I monitor my progress during a debt settlement process?
What is a “hardship program” and how can it help with debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
Are there any services that can help me with a debt settlement?
What are the potential consequences of a failed debt settlement?
What are my rights and options when it comes to settling debt?

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