What is a debt settlement plan and how does it work?

Related FAQs

When can I start making payments on my debt settlement?
Can I negotiate debt settlement with multiple creditors at once?
Are there any legal requirements to debt settlement?
What happens if I can’t afford to settle the debt in full?
Do I need to hire a lawyer to negotiate a debt settlement?
What if the creditor refuses to settle the debt?
What is the average debt settlement amount?
How can I ensure I don’t fall behind on payments during the settlement process?
Can I negotiate more than one debt settlement at once?
What happens if a debt settlement is not completed on time?

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