May 25, 2006, 10:11 am : How to Negotiate for a Discounted Payoff Amount
Filed Under: Interest RatesDiscussion:
I know many people have a similar situation. When you need negotiate for a discounted payoff, that means you will go into bankruptcy or creditor garnished your paycheck.
Contact Creditors Before They Contact You
Depress your attitude and expain your finance situation is wise. The creditors are like that, they just want to ensure that they get as much of their money back as possible. So you must show how much you can afford each month, then they will open to negotiation.
Hire a Professional Debt Negotiator
Professional debt negotiator can give you some advise and help you negotiates with your creditor. usually, they can easily understand the bottom line of your debt problem.
May 16th, 2007 at 3:54 pm
I just re-fi home so I am trying to get rid of a bunch of loans. How do I negotiate student loan pay off? We paid 10yrs on wifes loan didn’t know it was interest only until last year. Is it possible to get discount?
July 29th, 2007 at 9:18 pm
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