Posted on
August 2, 2009
at
11:56 pm
Please enlighten me about debt negotiation and arbitration. A company called me last week claiming that they can help me out with my debt. I asked them what kind of process they use and this is what they answered. Any information that any of you can supply me regarding this matter is greatly appreciated.
Posted on
August 3, 2009
at
1:25 am
This is how debt negotiation and arbitration works. A consumer will hire services of a debt negotiation company, who will serve as an arbiter between them and the creditor. The organization will speak to the original lender in behalf of the borrower, with regard to the terms of the settlement. Negotiations can be ranging from 30-60%, depending on how much the company offers. Some debt settlement companies may also arrange for no calls from collection agencies who work for the lenders. For the most part, however, debt negotiation and arbitration companies are hardly successful in stopping all collection activity.
Posted on
August 3, 2009
at
2:24 am
How much will it take if I have my debt settled with a debt negotiation and arbitration company? What difference would it make if i do it myself??
Posted on
August 3, 2009
at
2:56 am
It depends but typically around 30-60% of the loan balance. And you can pay it off in 12-48 months.
Posted on
August 3, 2009
at
9:23 am
If you are interested in debt negotiation and arbitration and you want to get a firm estimate on potential savings, you could let me know who it is that you owe. Settlement percentages are primarily dictated by who the original lender is, how much the balance is and what (if any) third party collector has retained the account for collection. If you would like to let me know these things I am happy to provide some additional insight.
Posted on
August 3, 2009
at
10:31 pm
hi i just joined this new company: http://www.bestdebtreliefcompany.org its really efficient and i very satisfied but i need some advice i don't know whether its better for me to go for debt settlement or debt consolidation? any advice will be greatly appreciated
Posted on
August 4, 2009
at
12:21 am
Hi Jennifer, that actually depends on your current debt situation. Would it be all right for you to share on this forum how much you actually owe to your creditors?
Posted on
August 4, 2009
at
1:11 am
Steven ----- i owe around $50k on a couple creditors. they have been calling me night and day and have even threatened to sue me if i don't pay up! it's making me afraid to be honest because i'm on the verge of losing my job because our company's laying off some people. it's the only source of income that i have and i really do need hellp on this. i hope to hear from ya
Posted on
August 4, 2009
at
3:19 am
no rush, sorry to hear about that.Are you asking how much will you be able to save from that debt amount?If you'd like, you can discuss your financial situation with a qualified provider--all you need to do is fill out a form on DestroyDebt.Com and they'd be able to help you and provide the best solutions for your case.
