Are there any legal risks associated with debt settlement?

Related FAQs

Can a debt settlement company guarantee a successful settlement?
What is debt settlement law?
Is there a minimum debt amount to qualify for debt settlement?
Does debt settlement hurt my chances of obtaining new credit?
Can I negotiate a debt settlement on my own?
How do I report a debt settlement to the IRS?
How do I know if a debt settlement company is legitimate?
What documents do I need to provide during a debt settlement process?
What penalties or interest can creditors charge when settling debt?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?

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