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

Related FAQs

Can a creditor challenge a debt settlement?
Are there any laws governing debt settlement?
Who should I contact to settle my debt?
How can I learn more about debt settlement laws in my state?
How do I find out the balance of my debt?
What will happen to my credit score after a successful debt settlement?
What fees are associated with debt settlement?
How do I know if debt settlement is right for me?
What happens to the debt that’s been settled?
How long will it take to settle a debt?

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