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

Related FAQs

Is there a statute of limitations on debt settlement?
What should I do if a creditor refuses to negotiate a debt settlement?
How does debt settlement impact my credit score?
Is debt settlement a better solution than bankruptcy?
Are there any costs associated with a successful debt settlement?
What happens if a debt settlement is not completed on time?
How can I make a debt settlement offer more attractive to creditors?
How can I monitor my progress during a debt settlement process?
What if I can’t pay the full amount of a debt settlement?
Can I settle a debt if I’m unemployed?

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