What are the potential consequences of a failed debt settlement?

Related FAQs

Can I negotiate debt settlement with multiple creditors at once?
How does a creditor determine if a debt should be settled?
How do I make sure I receive a fair settlement from my creditors?
What penalties or interest can creditors charge when settling debt?
How can I ensure I don’t fall behind on payments during the settlement process?
What is a deemed satisfaction and how does that apply to debt settlement?
Is there a statute of limitations on debt settlement?
How long will it take to settle a debt?
Can a creditor challenge a debt settlement?
How will I know if a debt settlement offer is fair?

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