debt negotiation

2 questions

How do I negotiate with debt collectors?

You can negotiate directly with debt collectors to settle for less than the full amount, set up a payment plan, or dispute debts that aren't yours — collectors have no obligation to accept, but many will. Always get any agreement in writing before paying.
What is debt settlement?

Debt settlement is negotiating with creditors to pay less than the full amount owed — often 40–60% of the balance — as a lump-sum payment in exchange for the debt being considered satisfied. It damages your credit and may result in a tax bill, and using a for-profit debt settlement company adds significant risk.