DEBT SETTLEMENT- DEBT NEGOTIATION

Debt Settlement: A Debt Negotiation Option.
Few people realize that there is now another solution to becoming debt free, an approach that puts YOU in control. That solution is debt negotiation also known as debt settlement! Have you ever haggled over the cost of a purchase? Well, the same principle can be applied to eliminate your debts!

Just imagine if you could pay less than what you currently owe by making affordable monthly payments with no interest…..wouldn’t that make a huge difference in your financial future?

Of course it would! When most people first hear about this debt settlement concept they are skeptical it will work. But if you have a professional debt negotiator working on your side, it can make a huge difference in how much you will pay as well as the time it will take to become debt free.

How can debt settlement make this possible? It’s very simple, actually. Your creditors are very aware that the chance of collecting any money reduces dramatically as the debt ages. If three to six months pass with no payment, the creditor will usually sell your account to a third party collection agency for 5-15 cents on the dollar. They also know that bankruptcies are at a all-time high and a very real option should they fail to negotiate. So, if your creditor has the choice to collect about 50 cents for every dollar you owe as opposed to taking a chance they will never collect a single penny by trying to hold out for the entire amount due, it becomes an easy choice.

You may think that it would be easy to attempt to negotiate with your creditors yourself. If you do, their trained representative will inform you that other institutions may settle for less, but that they will never settle for less than 80%. The creditors will not take you seriously. Their agents have scripts and are trained to deal with any attempt on your part to negotiate your debt. They may offer you a “hardship” plan or coerce you into sending a payment right away or sending post-dated checks. They may even threaten or humiliate you or try to make you feel guilty about owing them money. But they will rarely settle. And if they do, it will likely be for far more than a debt negotiation professional could accomplish on your behalf. And they will want all their money right away. Obviously, if you had 75-85% of your balance sitting around you probably wouldn’t be in this predicament in the first place.

After you’ve tried a few creditors and have gotten nowhere, you may decide that debt negotiation simply doesn’t work. However, having a professional on your side makes all the difference. Once the creditors realize that they are speaking to a professional who is familiar with their tactics, they suddenly are willing to discuss a settlement. An experienced negotiator will always obtain better results versus trying to go it alone.

This novel approach to debt reduction is simply the fastest and least expensive way of eliminating debt....and Option One Financial Group is a leader in the field, offering you the premier program in the debt settlement and debt negotiation industry.

To learn more about us and how our program works, please browse through the rest of our site. If you are ready for help, or just need more information on debt negotiation, fill out our form and a trained debt settlement expert will contact you within 24-48 hours.