Debt Negotiation Advice
Debt negotiation letter?
I am wanting to write a letter to some quick loan companies that I owe money to. I am wanting to try and negotiate a settlement. I am currently several months behind on my payments and I am going to have to file bankruptcy if I cannot work out something with some of my creditors. Does anyone know how to write a letter like this?
Public Comments
- Forget the letter get on the phone and talk to someone. Trying to do this by letter is futile.
- Your letter will be useless. You need to speaker with a branch manger or higher to attempt to settle for less that is owed. Also since you still need to make payments you will need that first payment. Since you failed to state the amount owed to these companies I do not think the amount owed could put you into bankruptcy.
