Get Out Of Debt through a Debt Settlement Negotiation Process

July 13, 2010 - PRLog -- Before you fall behind it may have been slightly annoying. If you have recently experienced some form of financial emergency, it is important to contact your creditor’s office to let them know.

Aurora Lillo Editor of the "Best Debt Settlement Services" website -- http://www.BestDebtSettlementServices.com -- pointed out;


“...If you do not know the creditor’s office number, you can always contact the customer service office. Even if you do not plan on going through a debt settlement negotiation process, you need to get rid of your fear for your creditors. Debt negotiation is a simple way to lower the amount of debt that you’re in while simultaneously getting rid of your monthly payments...”

If you want to go through with this process, call your creditor’s office. Do not waste any time talking with the assistants. If they have a debt settlement office, ask them to patch you through to that office. If there is no debt settlement office, you will need to talk to the collector that you normally work with.

Once you have done this, you will need to explain your position. Do not waste their time with a complete book of what is wrong. Simply explain your financial trouble. Explain that you are unable to pay the entire amount. In addition, it is important for you to explain that you will be able to pay them back if they reduce the debt amount by sixty to seventy percent.

This may seem absolutely outrageous. In truth it is. They may not agree with this proposition. They might even reject the entire proposal. However, do not worry. Your plan is to offer something higher and then settle for a lower amount. It is important to do this so that you can receive a reasonable reduction.

Every time the collection agency contacts you for their money simply repeat the story. The only thing that you will change is the reduction percentage. Tell them that you will be able to make a payment if they take off forty percent. Tell them that you can pay this amount in one lump sum.

“...While this is going on, make sure you make as much money as possible. Since you know that there will have to be some form of payment, it is important for you to make sure that you have money available...” added A. Lillo.

Once they have agreed on the payment change it is important for you to make sure that the entire thing is in writing.

Further Information By Visiting; http://www.BestDebtSettlementServices.com