Are there any risks associated with using a debt settlement firm?

Related FAQs

What is the average debt settlement amount?
What penalties or interest can creditors charge when settling debt?
What happens if I can’t afford to settle the debt in full?
Can I negotiate multiple debts at once during the settlement process?
What happens to the debt that’s been settled?
Does debt settlement hurt my chances of obtaining new credit?
How much money can I save by settling a debt?
How much should I expect to pay for a debt settlement service?
Are there any drawbacks to settling a debt?
Can I be sued while in the process of settling a debt?

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