Definition of «to settle the debt»

"To settle the debt" means to pay off or fully repay the money or obligation that is owed to someone.

This is good news for settling debt for pennies on the dollar. (rebuildcreditscores.com)
Here is a past post that we did on settling debt on your own. (nomorecreditcards.com)
But it's important to understand the pros and cons of settling debt with creditors. (debthelp.com)
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