Negotiating with a creditor does not have to be difficult. This video addresses the various things you have to mention to a creditor when sending a debt negotiation letter. You need a come up with a goal amount that you plan on paying the bank. Feel free to start low, since the bank may reject your first offer.
Then, be very specific to the bank about the amount you can pay every month—and follow through by making those payments. Be reasonable about what you cannot afford. Next, type up the specifics of your debt and send it to the bank. Watch this video to learn more.
Do not try to go at debt negotiation on your own—a skilled attorney can help reduce your total amount owed and smooth over future relations with your creditor. Southern California residents in need of legal advice should contact Golden State Law Group by calling (619) 234-3333.