Can a Debt Settlement Letter Help You With Debt Negotiation?

Before you spend any time looking for a sample credit card debt settlement letter, know that they may not be necessary for you to get debt relief. You can achieve your goals, get your debts reduced and significantly reduce your stress and anxiety levels with debt negotiation. But you may not need outdated methods to achieve those goals.

Many people still believe that they can send a debt settlement letter to their creditors and get a timely response to their offer that agrees to all their demands. This is not the case anymore. The major credit card banks like Bank of America, Chase, Citibank, and Discover card receives millions of pieces of mail every month. You cannot expect them to read your letter and provide a quick response if at all to your offer.

If you do happen to receive a response, it will probably say that they do not offer debt negotiation programs or that you have to call in to their call center to discuss your account.

A letter through the mail cannot “negotiate” for you. A negotiation is something that is dynamic and can change in a few minutes. The only way to do this is over the phone. In order for do-it-yourself debt negotiation to work, you have to get comfortable with calling up your creditors and negotiating a reduction on your balances. It works the same just as if you were buying a used car.

It is actually easier to do over the phone because you cannot see the other person and they cannot see you so that makes it easier to play hardball and negotiate for a larger reduction than if you had to see them face-to-face.

Once you fall 120 to 150 days behind on your credit card payments you may start to receive debt settlement offers from your creditors which give you a starting point on the negotiations. Since they have shown they are willing to negotiate, you can call them up and see if they will accept a smaller lump-sum payment that you actually have. You may not have the amount they are asking for in the letter.

Then once you have reached an agreement on an offer that you can afford, ask your credit card bank to fax or mail you the details of the settlement with the payment amounts and due dates. This is the only “debt settlement letter” that you must have before you make your first payment on your settlement. You can negotiate without using any other debt settlement letters.

Top 5 Ways to Not Present Yourself As a Serious Student

I would like to present the Top 5 Things NOT To Present Yourself As A Serious Student. And to be crystal clear, serious students are those who are interested in graduate school (and more than likely, beat the competition to get in).

1. “Is this gonna be on the test?”
*Heavy sigh* Not only am I not reviewing information just for my health, but oftentimes lessons learned in class are bigger than students realize. Assignments that build in critical thinking questions? These are great preparation for the skills needed in graduate school. Little do students realize, grad school is heavily reliant upon critical thinking skills.

2. “I missed class yesterday. Did we discuss anything important?”
Great way to notify me of your absence from class. And regardless of how it was intended, it is a little off-putting to ask your instructor if anything important was covered in class. Aren’t all classes supposed to cover important material? Otherwise, why are we here in the first place? (And yes, I have actually had a student ask me this question.)

Honorary mention goes to: “I missed class. Can you give me the notes?” It is probably a much better idea to ask one of your classmates for notes than the actual T.A. or professor. Again, off-putting. And a sign that you are not taking this class seriously.

3. “I’m only taking this class because it’s required.”
You know…. As a student, it is your absolute right to proclaim that (1) you’re not interested in my class or (2) you’re only paying attention as little as possible to pass the test. That’s fine. However, it is also my right to decline to lend support should you ever ask for a letter of recommendation.

4. “I know I missed ___ classes, but I need ___ points to make a ___.”
My response? “Wow. That’s interesting. I hope you are not implying that I’m supposed to give away freebie points to bump you up to the next grade.” I once had a student state that he realized there was a strict attendance policy, and despite the fact that he missed nine classes, he felt like he deserved an A. You have really got to be kidding. Ditto to the student who admitted that he failed to attend any of the Thursday lectures for his Tuesday/Thursday class (and wanted to know why he was failing tests).

And last, but not least:

5. Texting, Twitter-ing, or Facebook-ing your way through class.
I love social media as much as the next person. However, there is a time and a place to keep in touch with friends — and classtime is neither. Some people think that large lecture-style classes buys anonymity, and while your T.A. or Professor may not say anything to you, trust, they are definitely taking mental notes.

Now let’s talk about how serious students tend to comport themselves in the classroom. First, they’re very aware that the T.A. may be their main point of reference for judging their ability to do well in graduate school. This is especially the case if you attend a large university where the norm is the 1000 seat lecture hall. It is an absolute great idea to take your classes seriously, communicate interest in the particular subject area (or related areas, like asking the Social Psychology professor how to get involved in Cognitive Psychology), or ask your T.A. for advice on applying to grad school. Remember, your T.A. is very likely the person who will be signing off on letters of recommendation (or even if not, the professor is likely to ask his/her opinion about your ability to do well in grad school). Do your best to impress!

Debt Negotiation Services: a New Way of Dealing With Your Debts

Many people in the United States of America have found themselves in debt problems and only few can say they have handled the situation successfully. Many of these people have lost control of their monthly bills and credit card debts. And it is at that moment when the debt negotiation services are needed. Unfortunately, there is a lot of misinformation on the Internet, radio and several other publications regarding debt negotiation services.

Alexander Sands is a current client of My Debt Remedy, and he got into our Debt Negotiation Services program looking for debt relief. Thanks to our team of professional counselors and experts on debt negotiation services, Alexander managed to stabilize his financial life and set up a plan to arrange repaying his debts off.

Alexander Sands:

What are Debt negotiation Services?

Amanda Williams:

Debt Negotiation Services has become a very popular solution to financial hardship that many people go through. Negotiation companies exist to help people on debt matters and assist them to become debt free. What these companies do is negotiate with the debtor’s creditors and get a reduction on the pay-off balance they owe. Sometimes creditors agree to accept 50% or less of what is owed. Balance is “zeroed out” after the creditor has received the checks. These companies, as part of their debt negotiation program, offer different kinds of services such as credit repair, but there is an additional fee for this service.

Alexander Sands:

How do Debt Negotiation Companies provide this service?

Amanda Williams:

These companies have an established process to follow in order to help their clients become debt free as fast as possible. Here are some steps the debt negotiation services process follows:

- First, the Debt Negotiation Services firm will talk directly to their clients’ creditors about lowering the monthly payments to help lighten the load.

- Once deals with the creditors have taken place, Debt Negotiation Services pass along to their client the new terms the creditors have agreed upon.

- The debtor will make a single payment to the Debt Negotiation Services firm, and they, in turn, will pay the creditors.

It is important to know that after the Debt Negotiation Services makes a deal with the creditors, they become responsible for any communication between the creditors and the debtor, and all the information the creditors require from the debtors will always go through the debt negotiation services first. It is a way for them to keep track of the debt negotiation process.

Alexander Sands:

Applying for debt negotiation services will lower my credit score?

Amanda Williams:

Yes it will. If you have paid your bills on time, and you do not have any delinquencies on your credit record, this service will likely lower your credit score. Applying for debt consolidation services will surely have a negative impact on your record, but when you apply for this kind of services it means that your accounts are already delinquent. Otherwise creditors would not accept any type of negotiation and would demand full payment be made.

After you complete the Debt Negotiation Services program, your credit score will level; that is if you continue to be organized, and pay your bills on time.

Alexander Sands:

Do you think Debt Negotiation Services can help my current financial situation?

Amanda Williams:

Debt negotiation Services has a main goal, and that is to help those who no longer have the financial capacity to make a monthly payment on a regular basis. It also intends to help those people who are considering filing for bankruptcy as an immediate solution for their many financial problems.

Debt Negotiation Services gives back the debtor control of his/her life. It helps people regain stability and also gives them the tools to avoid bankruptcy and free him/herself from debt, once and for all.

We have different articles on interesting topics and current and former clients’ experiences with our programs. Take a look at the different situations on debt related topics that people can fall into and how to keep yourself a debt free person.