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

Related FAQs

Can a debt settlement company guarantee a successful settlement?
What is a deemed satisfaction and how does that apply to debt settlement?
Can I be sued while in the process of settling a debt?
What is a “hardship program” and how can it help with debt settlement?
When can I start making payments on my debt settlement?
How will I know if the debt settlement negotiations are successful?
Can a creditor challenge a debt settlement?
What is the difference between debt negotiation and debt settlement?
Do I have to pay taxes on debt settled through negotiations?
What if the creditor refuses to settle the debt?

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