subject: Debt Settlement Negotiation – How To Successfully Negotiate A Debt Settlement Deal [print this page] You are just moments away from getting your hands on some killer information on how to negotiate a debt settlement. The tips I've outlined in this very insightful article will get you up and running in minutes. I guarantee that after reading you'll have a clearer sense of direction and will see a light at the end of the financial tunnel.
Tip #1: Never try To Negotiate A Settlement On Your Own
This is a big tip. Many people who discover that debt settlement can actually save them hundreds if not thousands of dollars rush into the negotiating process without truly understanding how difficult it is.
It is very important to understand that a lender really doesn't have to settle with you. In fact, in most cases it is more cost effective for them to sell the debt to a collecting agency. Therefore unless you can present your case in a very credible and lucid way, a way that will illicit compassion, never try to do it alone.
Tip #2: Always Use A Qualified Debt Settlement Professional
This tip follows on nicely from tip one because it really is the only alternative to making the best of debt settlement. Employing the help of a professional company will be more efficient and the amount of the reduction you get in a settlement will be higher. Think between 40 - 70%.
Tip #3: Never Pay For An Initial Consultation
If you decide prudently to use a professional settlement company to handle the negotiations for you, never pay upfront for an initial consultation. Whilst most companies out there don't charge, there are a few unscrupulous companies who do try to take advantage of vulnerable people, so beware.
If you follow the logical flow of the 3 tips above you'll definitely get a very high settlement reduction. You are now in the unique position to better move forward with a sound strategy on how to negotiate a debt settlement. Remember, using a professional is the key.
Final Note: I highly recommend that you first start off with afree debt evaluation in order determine the best course of action based on your financial situation.
Debt Settlement Negotiation How To Successfully Negotiate A Debt Settlement Deal
