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

Related FAQs

What should I look for in a good debt settlement company?
How do I stop debt collection calls during the settlement process?
Are there any laws governing debt settlement?
How do I report a debt settlement to the IRS?
What is a lump-sum debt settlement and how does it work?
What should I do if a creditor refuses to negotiate a debt settlement?
What is a deemed satisfaction and how does that apply to debt settlement?
What will happen to my credit score after a successful debt settlement?
Are there any programs offering debt settlement help?
What happens to the debt that’s been settled?

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