What happens to the debt that’s been settled?

Related FAQs

Is it possible to settle a debt for less than the amount owed?
Who should I contact to settle my debt?
What are my rights and options when it comes to settling debt?
What if the creditor refuses to settle the debt?
What is a deemed satisfaction and how does that apply to debt settlement?
What is the best way to document a debt settlement?
Do I have to pay taxes on debt settled through negotiations?
Are there any alternatives to debt settlement?
Should I be wary of any companies offering “instant” debt settlement?
What is the difference between debt settlement and debt management?

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