What happens to the debt that’s been settled?

Related FAQs

What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
Is debt settlement better than bankruptcy?
Are there any legal risks associated with debt settlement?
Can I negotiate a lower interest rate as part of a debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
Can I negotiate a debt settlement without a debt settlement company?
Is there a minimum debt amount to qualify for debt settlement?
How do I stop debt collection calls during the settlement process?
Is debt settlement reported to credit bureaus?
Who should I contact to settle my debt?

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