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

Related FAQs

Are there any ways to avoid paying for a debt settlement service?
How long will it take to settle a debt?
What should I do if I can’t agree on a settlement amount?
What is the best way to document a debt settlement?
What will happen to my credit score after a successful debt settlement?
How long does it take to complete a debt settlement?
How can I make a debt settlement offer more attractive to creditors?
Is debt settlement better than bankruptcy?
Are there any legal requirements to debt settlement?
Are there any legal risks associated with debt settlement?

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