What is an unsecured debt and how does it impact debt settlement?

Related FAQs

How do I report a debt settlement to the IRS?
What should I look for in a good debt settlement company?
Are there any drawbacks to settling a debt?
What should I do if a creditor refuses to negotiate a debt settlement?
Are there any alternatives to debt settlement?
What happens if a debt settlement is not completed on time?
Do I have to pay taxes on debt settled through negotiations?
How can I ensure I don’t fall behind on payments during the settlement process?
Do I need to hire a lawyer to negotiate a debt settlement?
How does a creditor determine if a debt should be settled?

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