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If you are a DIY reader, be sure to participate in the comment sections of relevant page topics in order to get feedback about timing and targeting for your debts you are looking to settle.The comment section at the bottom of this page is the perfect place to post questions about a settlement letter you have received, or what you could do if you’re having a hard time getting one sent to you.This information will help you focus on crossing the debt settlement finish line with confidence – when your success is documented.
Watch this quick video about debt settlement letters: Some of the large banks will not release a settlement letter to you until your payment arrangements are set up in their computer system. If you’re experiencing a creditor or collection agency holding back sending you a settlement letter, be sure to post about that in the comments below to get feedback about how each one of your creditors deals with this prior to settling, or negotiating your agreement and setting dates for payment.Technology has provided many conveniences and cost savings when communicating important details that require documentation.Documents can be emailed with the click of a mouse.It makes little sense to start negotiating a settlement amount if you don’t have the money to pay.Just making calls to “feel out the situation” wastes everyone’s time and could hurt your efforts later.
Reaching the point where you have a verbal agreement to settle and pay off a debt for an amount you can afford is exciting, and a relief at the same time.