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

Related FAQs

Is debt settlement better than bankruptcy?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
How can I monitor my progress during a debt settlement process?
Is it possible to settle a debt for less than the amount owed?
Is there a minimum debt amount to qualify for debt settlement?
How do I know if I have been approved for a debt settlement?
Is there any way to expedite the debt settlement process?
What is the difference between debt negotiation and debt settlement?
Are there any laws governing debt settlement?
What are the risks of choosing to settle a debt?

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