Learning how to write a debt settlement letter can help you reduce your debt quicker. Across America, many individuals struggle with a variety of debt issues. It can be difficult forging a universal method to rid every American from troubling debt problems. However, Americor Financial Services has a solution.
Debt settlement letters are requests to creditors to expunge your debt balance in exchange for a cash settlement. Granted, debt settlement letters aren’t always accepted by creditors. Nonetheless, here are some tips on how to create a debt settlement letter with proven results.
Debt Settlement Letters
Writing a debt settlement letter can be a tricky process for a beginner. This process involves creating an attractive pitch to a creditor that your settlement is worthy enough for them to wipe out your debt balance. Here are a few tips to follow to craft an excellent debt settlement letter and receive offers:
- Make sure you have the appropriate funds for a potential settlement with your creditor. Highlight this amount in your letter and explain that this amount is the most you can offer.
- When calls start to come in from debt collectors, you do not have to answer them. Nonetheless, make sure you check your voicemail for potential offers. Many times, creditors won’t send these offers in the mail.
- If you are considering filing for Chapter 7 bankruptcy, let your creditor know. This can actually forge some leverage between you and your creditor. In this case, creditors are hesitant to allow you to lose everything on your account, so they will likely try to negotiate a settlement.
We Have the Debt Relief Solutions You Need
Sending a debt settlement letter to your creditor isn’t always the best solution for eliminating your existing debt. However, Americor gives you a wide array of possibilities to become debt-free in as little as six months.
If you want to learn more about debt settlement letters or for a free debt consultation, contact an Americor representative to discuss your situation.