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

Related FAQs

What is the difference between debt negotiation and debt settlement?
What is debt settlement law?
Does debt settlement hurt my chances of obtaining new credit?
Can I negotiate debt settlement with multiple creditors at once?
Is there a minimum debt amount to qualify for debt settlement?
What is the average debt settlement amount?
What is the average time frame for debt settlement negotiations?
What is the process for appealing a denied debt settlement?
How much should I expect to pay for a debt settlement service?
How do I know if debt settlement is right for me?

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