What if a creditor won’t negotiate?
Through out the years we have established contacts with all the major banks, collection agencies and collection attorney’s. Debt settlement is a tool utilized by the collection industry. In different phases of the collection process we have set guidelines and parameters where agencies will settle at a lower percent than in other instances. Such as if more than 33% of your balance was a cash advance it will be difficult to obtain a lower settlement than if the balance were actual charges. There are a few creditors that will not settle or negotiate unless there is strict financial hardship.
