A Full and Final Settlement is another name for a Debt Settlement Offer.
Debt Settlement Offer FAQs
If you have been lucky enough to receive a windfall of money and you want to use it to clear off some debt that has been troublesome in the past, then a Debt Settlement Offer can be a great way of doing so. A DSO involves contacting your individual lenders and ‘making them an offer’. The offer you make should obviously be lower than the actual amount you owe. Under the correct set of circumstances, your lender may consider it in their own best interests to take the money. But how much should you offer?