When is it best to pursue debt settlement?

Related FAQs

Should I be wary of any companies offering “instant” debt settlement?
How do I stop debt collection calls during the settlement process?
Is there a statute of limitations on debt settlement?
Can I negotiate a lower principal balance as part of a debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
What is the difference between debt settlement and debt consolidation?
What should I do if I can’t agree on a settlement amount?
What fees will I pay if I use a debt settlement company?
How does a creditor determine if a debt should be settled?
Is debt settlement reported to credit bureaus?

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