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

Related FAQs

What documents do I need to provide during a debt settlement process?
How do I know if debt settlement is right for me?
What will happen to my credit score after a successful debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
Is debt settlement reported to credit bureaus?
Should I use a debt settlement company or negotiate directly with my creditors?
Can I negotiate multiple debts at once during the settlement process?
How can I learn more about debt settlement laws in my state?
How will I know if the debt settlement negotiations are successful?
What is the difference between debt settlement and debt consolidation?

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