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

Related FAQs

How does a creditor determine if a debt should be settled?
What fees will I pay if I use a debt settlement company?
Are there any potential risks if I choose not to settle my debts?
What is a lump-sum debt settlement and how does it work?
Can I negotiate debt settlement with multiple creditors at once?
What if the creditor refuses to settle the debt?
What is a deemed satisfaction and how does that apply to debt settlement?
Can I negotiate a debt settlement on my own?
What should I do if I can’t agree on a settlement amount?
Are there any risks associated with using a debt settlement firm?

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