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

Related FAQs

What is the best way to negotiate a debt settlement?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
Do I have to pay taxes on debt settled through negotiations?
Are there any alternatives to debt settlement?
How do I know if debt settlement is right for me?
How much should I expect to pay for a debt settlement service?
Is debt settlement reported to credit bureaus?
Is there a statute of limitations on debt settlement?
Can I negotiate a debt settlement over the phone?
Is debt settlement a good way to reduce debt?

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