Having Experts On Your Side

[wlotus]

One of my debt settlement clients is someone I know well, and she sometimes shares tidbits of her journey to financial freedom with me. She recently received a letter from a creditor threatening legal action, if they did not hear from her by a certain date. Of course, she was concerned about having her account turned over to an attorney. But rather than trying to handle the situation on her own, she immediately faxed a copy of the letter to the debt arbitration company and asked them to advise her how to reply.

To her relief, she discovered she need not reply to that creditor at all. The debt arbitration company assured her this was the type of thing they would handle for her. Furthermore, creditors usually send out that type of letter to try to scare clients into making some sort of payment. "It's SO nice to have someone knowledgeable to walk me through this process!" she exclaimed.

I can't imagine trying to negotiate a debt settlement with a creditor without having experts (who were not contracted to my creditors) on my side. That peace of mind makes enrolling in a debt settlement program worth it for a lot of people.

Comments

[queenlyzard.livejournal.com]

hmm... wonder if I should recommend such a thing to my bf. I know he's made a lot of progress on his debts (mostly medical), but I think it's still an issue for him.

[wlotus.livejournal.com]

If his medical debts are in collections and his debt total is at least $15K, we may be able to negotiate with his creditors. (http://viralurl.com/s/pfn) I'm told collection agencies are often willing to settle.