What penalties or interest can creditors charge when settling debt?

Related FAQs

Is debt settlement a better solution than bankruptcy?
Are there any legal risks associated with debt settlement?
How do I report a debt settlement to the IRS?
What is the average debt settlement amount?
How will I know if the debt settlement negotiations are successful?
What is an unsecured debt and how does it impact debt settlement?
What if the creditor refuses to settle the debt?
What is debt settlement law?
What is a “hardship program” and how can it help with debt settlement?
Can I negotiate a reduced settlement amount?

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