Here are some tips that help on negotiating with your creditors. When you have personal problems of a credit card debt or a loan, it can really be overwhelming. But the sooner you start to negotiate with your creditors and tell them you want to do the same on your debt, the sooner they will not be a problem anymore.
If you call the creditors when debts are particularly high, it can be difficult. However, you must find the courage to call every one of the credit card companies to begin the negotiation process.
It is something you can do via e-mail, online or by snail mail. Ensure you are well aware of your penalties for the delay, the current amount of debt, current interest rates and other charges accrued for each credit card to evaluate your account. This way you can sound informed when you talk to your creditors.
As we continue on these tips that help on negotiating with your creditors, be polite but also be firm. Whatever occurs, the important thing is that you do not lose control.
Ask directly to lower your interest rates, and be prepared to explain the situation that made you fall behind on your payments (for example, a sudden medical event or loss of job).
If the customer service rep refuses help you, politely ask to talk to his superior. Continue to escalate the call, insist the issue on the customer service representative until the situation is resolved. Remember that even a small reduction of interest such as an annual rate of 11 percent instead of 14 percent, will make a big difference.
If you have been a credit cardholder on a particularly long time, be sure to talk about it. Tell your customer service representative that you stayed true to the credit card company for so long. This is one of the most important tips that help on negotiating with your creditors, being honest.
Credit card firms advertise low interest rates and low-cost account balance transfers abound. If your loyal history with a creditor does not do the trick, mention that you would hate to close your ties with them and move your existing balance to another credit card company. Mentioning the idea of switching your loyalties (and money) elsewhere may lead to a lower interest rate.
To finalize the tips that help on negotiating with your creditors, you can also take the services of a debt settlement company to do the arrangements on your behalf.
These companies are specialized in negotiating loan cases and have the experience in dealing with specific situations that may arise during these negotiations. They may get you out of debt in about 2-4 years and lower your monthly payment. The key to successful debt relief is negotiating with your creditors.
Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.
We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.
We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.
On the other hand, we provide free services to significantly help to minimize the risks that are involved in negotiating with your creditors.
First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.
Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!
Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.
Last, we provide a written guarantee that our clients’ creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.
Our services are competitively priced- and include the above free services!
Joseph Hernandez
CEO
Debt Free Solutions
www.debtfreesolutions.mobi
(800) 668-8090
