What is legal debt settlement and is it worth it?

Legal debt settlement helps people reduce unsecured debts by negotiating with creditors for less than the full balance. It usually works best for credit cards, medical bills, and personal loans. Before starting, you should review your income, hardship, and ability to make lump-sum or monthly settlement payments. Choosing legal debt settlement through a licensed firm or attorney can protect you from scams and ensure compliance with consumer laws. However, it may impact your credit score temporarily, and forgiven debt can be taxable. Always compare options like credit counseling or bankruptcy before deciding.