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

Related FAQs

What documents do I need to provide during a debt settlement process?
How can I learn more about debt settlement laws in my state?
How does a creditor determine if a debt should be settled?
Are there any tax consequences to debt settlement?
Are there any risks associated with using a debt settlement firm?
How do I find out the balance of my debt?
What happens to the debt that’s been settled?
Should I be wary of any companies offering “instant” debt settlement?
What are the potential consequences of a failed debt settlement?
What penalties or interest can creditors charge when settling debt?

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