This example is a classic 50% settlement on a debt balance of $4,582. Most creditors are willing
to split the difference with customers and settle for half the balance. With the right training
and coaching, there is no reason you can't get results like this by negotiating settlements with
your creditors.
If you're a busy person,
you're probably wondering how time consuming this
process is. This particular
settlement took less than one hour of the client's time. The offer came in the mail, they called to
take the deal, and then handled the payment arrangements. A settlement company's fee would have been
approximately $687 to handle this transaction (based on 15% of the debt).
Is
YOUR time worth $687 per hour?
When you consider that this was a fairly small account, you can easily see that it really pays to do this on
your own.
Note: The image file below is a scanned reproduction of a faxed original. The
client's name, address,
and account information have been deleted to protect their privacy. No other alterations have been made
in any way to the originals or the digital images.
