Can I negotiate a lower principal balance as part of a debt settlement?

Related FAQs

What is a lump-sum debt settlement and how does it work?
How do I report a debt settlement to the IRS?
Can I negotiate a lower principal balance as part of a debt settlement?
Can I negotiate debt settlement with multiple creditors at once?
What is the difference between debt settlement and debt management?
What if the creditor refuses to settle the debt?
Are there any drawbacks to settling a debt?
Who should I contact to settle my debt?
How do I know if I have been approved for a debt settlement?
Can I negotiate multiple debts at once during the settlement process?

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