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Can you please suggest what things to keep in mind when I opt for settlement? I mean so that the creditor agrees to the offer.

First of all, if you're taking help from a settlement company check out that is a reliable one and a few years in the service. You can check client testimonials to be sure that they have a satisfied clientele. Also, check out in the BBB records so that it has a good rating. Do not pay anything upfront. And, ask your questions before enrolling in the settlement program offered by them.
If you are doing it on your own, make an offer slightly lower because the creditor will negotiate and won't agree to what you offer. Also, calculate and be sure how much you can give the maximum on your unpaid debt amount? You will have to negotiate with the creditor undoubtedly and explain your financial situation so that the creditor agrees to the settlement.

Sub: #1 posted on Fri, 11/08/2019 - 02:45

Mabelle Page Mabelle Page

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Yeah. There are a few things you must keep in mind when you opt for DIY settlement. These are:

1. How much you can afford to pay
2. How long will the debt stay on your credit report?
3. What is the SOL period on your debts?
4. Do you have good negotiation skills?
5. Are you well aware of the FDCPA laws?
6. Do you have enough patience to deal with creditors and debt collectors?

If you're planning to work with a professional debt settlement company, then there are a few other things that should be kept in mind.

1. What is the fee structure of the company?
2. How long is the company in business?
3. What is the feedback of the past clients?
4. What is the success rate of the company?

Sub: #2 posted on Fri, 11/08/2019 - 02:51

Nick Jonas Nick Jonas

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Are you talking about the do-it-yourself debt settlement? If yes, then you have to be aware of some points that have already mentioned in above answeres. You can also enroll in a debt settlement program to settle your debt.

Sub: #3 posted on Fri, 11/08/2019 - 05:04

Sanders Patricia Sanders Patricia

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