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

Related FAQs

Should I use a debt settlement company or negotiate directly with my creditors?
What is the best way to document a debt settlement?
Can I negotiate a debt settlement without the help of an attorney?
How will I know if the debt settlement negotiations are successful?
Are there any laws governing debt settlement?
Can I negotiate a lower interest rate as part of a debt settlement?
What are the potential consequences of a failed debt settlement?
How much money can I save by settling a debt?
Are there any legal requirements to debt settlement?
What is a debt settlement plan and how does it work?

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