What is a lump-sum debt settlement and how does it work?

Related FAQs

What are my rights and options when it comes to settling debt?
What should I do if a creditor refuses to negotiate a debt settlement?
What happens if a debt settlement is not completed on time?
Who should I contact to settle my debt?
Can I negotiate a debt settlement on my own?
What if I can’t pay the full amount of a debt settlement?
What if the creditor refuses to settle the debt?
What will happen to my credit score after a successful debt settlement?
How can I learn more about debt settlement laws in my state?
Can I negotiate a lower principal balance as part of a debt settlement?

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