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

Related FAQs

Is there a statute of limitations on debt settlement?
How does debt settlement impact my credit score?
How do I report a debt settlement to the IRS?
When is it best to pursue debt settlement?
Can a creditor challenge a debt settlement?
Are there any alternatives to debt settlement?
How do I stop debt collection calls during the settlement process?
Can I negotiate a reduced settlement amount?
What is a debt settlement plan and how does it work?
What are the potential consequences of a failed debt settlement?

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