You should ask this in the finance section for better answers. Most of those companies are scams and will charge you for their services, which you could probably do yourself for free. Settling a debt for less then it is worth will adversely effect your credit score, so it is not always the best thing to do. Need [...] [...more]
Some people have expressed skepticism that you can actually negotiate with creditors using our strategy or other creative methods of reducing debts. Read letters from readers who were highly successful.Note: This page addresses debt which are with a collection agency. For debts still with original creditors (still with the credit card company and NOT with [...] [...more]
Tell them to stuff it. In order to negotiate, you need to talk with someone in authority above the pinhead that you spoke to. Make exactly one offer. Tell them, it's a take it or leave it proposition.You need to set up some sort of payment plan with them. While sometimes a creditor will reduce [...] [...more]
Educating yourself about the ins and outs of debt negotiation is a good first step. Please note that the term ‘debt negotiation’ is also known as debt arbitration or debt settlement. For starters, a lender has little motivation to arbitrate anything less than the full amount unless the person is two to three months behind in [...] [...more]
