What is a Debt Settlement Proposal Letter?
Filed under: Debt Settlement Help, Debt Settlement How To, Debt Settlement Letters, Debt Settlement Tips, Uncategorized; Tagged as: debt, debts, letter, proposal, settlement, what is Debt settlement is the best alternate to bankruptcy, it is a process of negotiations in which debtor and creditor both agrees on a reduced amount to be paid back in place of the original debt, with even rescheduled payment plans. A debt settlement proposal letter is the first official documented communication between the debtor and the creditor in these letter consumers tells their creditors about their financial statement and willingness to begin the negotiations. Generally when people receive a collection letter or payment recovery call from the collection agency or the creditor itself they get afraid and clueless about what to do. May be that is the right time to think about sending a debt settlement proposal letter. The letter should be unambiguous, and must contain all the latest facts and figure, it
