Why is a financial hardship so important?
Creditors are only willing to reduce your debts if they are honestly convinced that you have no ability to pay them in full. By demonstrating you have a real financial hardship you will be able to compel the creditor to negotiate with you. Be sure that if and when you speak with a debt negotiation service that you clearly communicate your financial hardship. The sign of a good negotiation company is that they will be asking you a lot of questions about this hardship to make sure it is compelling enough to ask for a negotiation with your creditors. Part of the free consultations offered on Chapter 7 11 13 is to determine exactly that, if your debts and hardship are appropriate for a negotiation. Can I settle my own debts? Absolutely! You could call and try to negotiate your debts on your own. However, there are clear advantages to using a service to represent you. First, services have negotiation experts who have established lines of communication with the creditor’s negotiation team. Y
Creditors are only willing to reduce your debts if they are honestly convinced that you have no ability to pay them in full. By demonstrating you have a real financial hardship you will be able to compel the creditor to negotiate with you. Be sure that if and when you speak with a debt negotiation service that you clearly communicate your financial hardship. The sign of a good negotiation company is that they will be asking you a lot of questions about this hardship to make sure it is compelling enough to ask for a negotiation with your creditors. Part of the free consultations offered on Chapter 7 11 13 is to determine exactly that, if your debts and hardship are appropriate for a negotiation. Can I settle my own debts? Absolutely! You could call and try to negotiate your debts on your own. However, there are clear advantages to using a service to represent you. First, services have negotiation experts who have established lines of communication with the creditor’s negotiation team. Y
