I would like sample letters from people who are successfully doing there own debt negotiation. I would really appreciate that. Thanks.
Does Anybody Have Any Sample Letters To Creditors For Debt Negotiation?
August 21st, 2008 at 12:20 am
August 21st, 2008 at 12:58 pm 1219323533
Now I have no practicle exerperience in this. And you might want to review Lost in Debt's blog for more advice.
As an aside, I believe in paying all debt in full and would only use chap 13 if I was being forced to.
August 21st, 2008 at 04:41 pm 1219336914
I reviewed Lost in Debt's blogs. There is a lot of information there. Lost in Debt did all her negotiation by phone, which I read somewhere else is a bad way to do it. I read that letters are better.
Since most of my debt is interest, I have no problem in negotiating them down to a price that comes close to what I would be paying on a loan with reasonable interest. Ours are as high as 31%. Is that what you mean when you say paying in full?
August 21st, 2008 at 04:44 pm 1219337091
In addition, I did call them awhile back and say that I will continue making payments if they will lower my interest to a reasonable rate. They refused. So morally I have no problem going into debt negotiation or bankruptcy.
August 21st, 2008 at 05:45 pm 1219340734
But again, I have no practical knowledge on the situation.
I do think you have a moral obligation to pay what you borrowed. And you did sign a contract with them to abide by their terms. With that said, I also don't believe in all the additional feesthat they are probably charging you.
But they are probably doing that to jack up the balance for when they sell the debt to a collector. Whether you pay them or it goes to a collector, they have probably already made a nice profit off of you.
August 21st, 2008 at 10:44 pm 1219358661
August 26th, 2008 at 03:09 am 1219720166
August 26th, 2008 at 03:09 am 1219720195
August 26th, 2008 at 06:20 am 1219731629
I definitely think writing is smarter than calling. Records are always better than "he said, she said".
September 5th, 2008 at 08:12 am 1220602326
October 23rd, 2008 at 01:21 pm 1224768094
Do not make any payments to any creditor or collector with out having the agreed upon terms in writing.
August 11th, 2009 at 05:35 am 1249968949
October 30th, 2010 at 05:20 pm 1288459253