Debt settlement is a legal solution for consumers who are deep in debt and seeking an alternative to bankruptcy. In exchange for a one-time payment agreed to by both parties, the consumer will pay between 20% to 75% of the amount currently owed. The creditor forgives the rest...
Deciding what to do about debt collectors can be tricky. However, the key thing to know is that you do have some options for dealing with them- and you also have some rights. Tips for Dealing with Debt Collectors The first thing to be aware of when you are dealing with debt collectors is that the Fair
Negotiating debts with collection agencies doesn’t have to be confusing or frustrating when consumers understand they have the negotiating power. Yes, debt collections agencies are relentless and sometimes ruthless. They send letters or constantly harass people at home or at work. However, debt collection
There are a variety of collection tools available for a business to legally collect its debts, including informal collection procedures, collection agencies, and lawsuits. Whichever option you choose, however, you should start by establishing a credit agreement for your customers...
Common mistakes of debt negotiations can be the difference between additional debt and paying a lower sum of money. However, when people avoid making these mistakes they can successful eliminate their debt and save money. For instance, don’t make the common mistake of not getting the negotiated agreement
If a creditor has sold your debts to a collection agency and you have trouble paying those debts, you might consider debt settlement. Debt settlement involves negotiating a lower payoff to resolve an outstanding debt. You may try to negotiate this yourself or go to a debt settlement agency, or you may
Settling debt is a scary process for most people. While many choose to take the first settlement offered to them, there are forms of resolution available to those attempting to settle their debt. Debt arbitration is one of those forms and can often end in a good agreement between the two parties. Debt
When you are struggling under the weight of debt you will not be able to pay back, you may feel hopeless and you may even feel that bankruptcy is your only option. In fact, bankruptcy isn't the only way to get out from under crushing debt, and bankruptcy should be your last resort after all avenues are
A debt settlement lawsuit can occur when a person or company is unable to pay their debts. Often, debtors will uses a third party in an attempt to settle their debts and appease creditors. Debt settlement companies take it upon themselves to negotiate...
While creditors do have the option to sue for outstanding debts, they tend to attempt to resolve the issue out of court whenever possible. This is because courts typically award only a fraction of the debt owed to the creditor and it costs both time and money to prepare for a lawsuit. However, if you