Debt Negotiation - Doing It Yourself

Debt negotiation is no different than doing your own taxes, representing yourself in court, or investing your money in the stock market---you can do it yourself, but you may come out on top by using the aid of a professional. Truth be told, some consumers have had great success in negotiating settlements on their own. If you’re already being offered a settlement for 50 percent of the balance by the creditor and you have the money readily available, there’s probably no need to even use our services. Sure, we may be able to negotiate a lower settlement, but with our fees, it is unclear whether you’ll save any more money. That being said, if you do not have a lump sum available or if the creditor is refusing to lower your balance, using a debt negotiation company is a great solution.

Do you know what’s a good offer from your creditor? Because of our industry knowledge we are able to gauge whether a creditor’s settlement offer is worth considering. You may think 30% off with one of your banks is a great deal, but that doesn’t necessarily mean it can’t be settled for much less.

Do you know which creditors are more aggressive with past due debtors? Again, our negotiation expertise has given us the knowledge to know which creditors need to be settled first, what the lowest possible settlement is, and when the ideal time to settle the debt is. A creditor may be threatening to sue you for the full balance, but how will you know if this is just a bluff?

Are you sure you want to deal with the creditor calls on your own? Sure, Franklin Debt Relief can’t stop the calls, but by using professional negotiators, they can at least be minimized. We give you the tools to educate yourself on the FDCPA (Fair Debt Collections Practices Act), and pay a consumer advocacy group to represent you with the creditors, so as to minimize any annoying calls. Depending on the creditor, many clients change their phone number and address to our phone number and address so the calls come to us instead of them.

Do you even want to deal with it? Like taxes, debt negotiations can be a tedious task. It is time consuming and very stressful, and there are professionals that will gladly do it on your behalf.

If you would like to learn more about our debt reduction program, feel free to call (877) 274-1260, or you can fill out a form and we’ll contact you as soon as possible.

Still want to do it yourself? Franklin Debt Relief wishes you the best of luck and recommends that you check out this self-help debt negotiation resource:

Solve Your Money Troubles: Get Debt Collectors Off Your Back And Regain Financial Freedom by Robin Leonard. Nolo Press, 2005.