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

Related FAQs

How can I monitor my progress during a debt settlement process?
Is debt settlement reported to credit bureaus?
What is the best way to negotiate a debt settlement?
What is a lump-sum debt settlement and how does it work?
What is debt settlement law?
What should I do if a creditor refuses to negotiate a debt settlement?
How can I ensure I don’t fall behind on payments during the settlement process?
Can I negotiate a lower interest rate as part of a debt settlement?
What is the difference between debt negotiation and debt settlement?
Do I have to pay taxes on debt settled through negotiations?

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