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

Related FAQs

Do I have to pay taxes on debt settled through negotiations?
How do I know if debt settlement is right for me?
Is debt settlement a better solution than bankruptcy?
How long will it take to settle a debt?
Can I negotiate multiple debts at once during the settlement process?
Should I use a debt settlement company or negotiate directly with my creditors?
Can I be sued while in the process of settling a debt?
Are there any discounts available for debt settlement?
What is a lump-sum debt settlement and how does it work?
Can I negotiate a lower interest rate as part of a debt settlement?

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