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

Related FAQs

How do I stop debt collection calls during the settlement process?
What is a “hardship program” and how can it help with debt settlement?
Are there any laws governing debt settlement?
What should I look for in a good debt settlement company?
What is the average time frame for debt settlement negotiations?
How will I know if the debt settlement negotiations are successful?
Is debt settlement better than bankruptcy?
When is it best to pursue debt settlement?
Is debt settlement a better solution than bankruptcy?
Is debt settlement reported to credit bureaus?

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