How to bring up settlement
Date: Fri, 02/26/2010 - 11:40
How to bring up settlement
So I owe $4200 so I just say I was thinking of settling the account and then say I can Pay ? Should I give them a dollar amount of a percentage?
You say that and you are letting them control the call. Tell th
You say that and you are letting them control the call. Tell them, "I want to settle this account for peanuts" They will either accept or counter offer. Low ball them .
Hi, Guest if you ' re willing to go for cash it is possible to h
Hi, Guest if you ' re willing to go for cash it is possible to have a 30%-50% reduction on your debt amount. However, through proper negotiation, it can go even lower sometimes.
Again, it depends on the creditor, so quote diligently.
Don't use percentages. Tell them that you may be able to borrow
Don't use percentages. Tell them that you may be able to borrow some money from a family member to settle the account. Then offer whatever 25% of the debt is in dollars and tell them you would have to pay it in two installments. They will counter with a lump sum amount. If the debt is with an agency, they may give up a little money to get a lump sum, especially if it is near the end of the month.
It might be a little early. Usually after 150 days they will be a little more motivated.
