Why Does a Debt Settlement Letter Work Better?
Debt settlement is always the first financial solution we may think of the moment we find out that we are unable to pay off our debt. In order to start the debt negotiation process, we need to write a formal letter or proposal to our creditor to request for debt reduction. In my personal point of view, writing a settlement letter is always much better than calling the creditor through phones. As human beings, we tend to make more mistakes in our verbal communication especially when we are stressful and nervous. Sometimes, we are too emotional when we are explaining our financial situation to the creditor. We need to bear in mind that crying through the phone is not the right way to gain sympathy from your creditor. Moreover, we tend to raise our tone and use threatening words when the creditor rejects our settlement offer. Being rude will definitely make the negotiation process worse. If you bargain with your creditor through settlement letter, the creditor will find it more formal and
