How to write a convincing debt negotiation letter
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How to write a convincing debt negotiation letter

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After suffering from a poor credit report for years, Mark Clayborne went on a mission to study everything he could on restoring his credit. Concluding the extensive research, he repaired his credit ...

After suffering from a poor credit report for years, Mark Clayborne went on a mission to study everything he could on restoring his credit. Concluding the extensive research, he repaired his credit report and learned various hidden secrets on how to improve a bad credit file. Because of this new found tested knowledge, Mr. Clayborne helped over a hundred consumers repair their credit and take their financial life back. Now, he wants to share these strategies with the world and as a result HIDDEN CREDIT REPAIR SECRETS was created which has sold over 1000 copies as of today. Mark is a certified credit consultant with over 100 articles written in the area of credit repair and a successful radio show titled “Who Else Wants Better Credit”, which is aired on Blog Talk Radio every Tuesday & Thursday at 7:30PM-PST. Mark educates his customers through articles, videos, his blog and various credit repair kits. He graduated from Virginia Commonwealth University with a Bachelor's Degree in Criminal Justice. He also holds a paralegal diploma. He currently lives in sunny California with a beautiful wife and lovely daughter.

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    How to write a convincing debt negotiation letter How to write a convincing debt negotiation letter Presentation Transcript

    • Hiddencreditrepairsecrets.com PresentsHow to Write a Convincing Debt Negotiation Letter
    • Let me ask you a question. Are yousearching for a way to reduce your bills through some form of settlement? If so, you may have an understanding of what a debt settlement letter is, and how it could help you financially. You can also look at these letters as a powerful debt negotiation tool.
    • These letters are very straight to the point and persuading. They could beused in court if either party broke their agreement. These letters are very important if you expect handling debtnegotiations yourself and not employ a third - party company. In the planning stage of negotiations, you must understand how to craft a convincing letter that gets results.
    • Understand that a convincing letter is one of your secret weapons toreducing your debt load in a big way.Keep in mind that you must convince the lender that it is in their best interest to settle with you. This in returns lowers your debt.
    • Right before send out your first letter to the lenders or collectors, make sure that you have a basic knowledge on how the gameworks. You have to know the ends and out of debt settlement because the creditors andcollectors are masters in this area. Here are a few tip you can use when crafting your convincing debt settlement letter.
    • 1. Because the debt settlement letter couldbe used in court, have an attorney review it tomake sure all terms are accurate.2. You can also seek the advice of a friendwho has successfully negotiated debt with thesetypes of letters.3. Make sure you understand the terms and conditions that you are asking for in theletter.4. Include what you want eliminated like,fees, taxes, and interest rates.
    • the settlement.6. Let the creditor know that in exchange forthe payment, you want the negative itemdeleted from your credit report.7. Creditors know most of the strategiesused by consumers and debt settlementcompanies, so do not try to trick them with words like if youdo not accept my payment, I will file bankruptcy.Instead, say that this is all the money I have, and Iam are
    • Here is a sample debt settlement letter that you can use as a model to write your f irst letter.Your name:Your address:Address of the creditor or the collection agency:Date:Reference account number:Dear creditor or collection agency,In the last six months, I have been facing hard times with a lost of myjob, my mother passing away and my brother going to jail. I sincerelyapologize for falling behind on my debts, but I assure you myneglectfulness was circumstantial. Now that I have a job, Im ready tosettle my outstanding debt, and I would like to of fer you 20 cents onthe dollar (put a dollar amount here) for a deletion of all negativeinformation from my credit repor t and no fur ther collection activities.Currently, Im in negotiations with other creditors on a similar deal,and I would like to close my account with you fast. If I receive asigned agreement from you, I will gladly send payment out overnight.Sincerely,Your signature here.
    • In summary, know what you owe and then compare it to what you have in your bank account. By doing this, you will know where to start with your negotiations. In addition, some creditors will ask for 80% of thebalance but this is just a starting point of the settlement. You do not have to have that amount to settle with as it is just the start of negotiations. Yourletter must be accurate due to its legal nature, and always double - check the terms and conditions of the letterbefore sending it out. Now that you are empowered with more information, go out there, and take action.
    • If you are ready to say goodbye to credit rejection and debt collectors, visit hiddencreditrepairsecrets.comand sign up for the Free 8-Day E-Credit Repair Course, and claim your Free Gift-60 minute Podcast on Rebuilding Your CreditHiddencreditrepairsecrets.c om