What are the potential consequences of a failed debt settlement?

Related FAQs

Should I be wary of any companies offering “instant” debt settlement?
How do I know if a debt settlement company is legitimate?
What happens if I miss a payment on a debt settlement?
How does a creditor determine if a debt should be settled?
Are there any discounts available for debt settlement?
Are there any drawbacks to settling a debt?
Can I negotiate a lower interest rate as part of a debt settlement?
What is the difference between debt negotiation and debt settlement?
Are there any programs offering debt settlement help?
What penalties or interest can creditors charge when settling debt?

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