You might be interested in handling the debt negotiation process on your own. You do have the option of contacting your creditors directly and then negotiating a settlement such as a payment plan or a one-time cash payment.
Getting a verbal agreement isn’t enough. You need to create paperwork with the terms of the settlement agreement. The lender must sign the paperwork, and then you need to put it in your files. Additionally, the settlement rate a creditor offers you is often far higher than what our company may get due to the total debt volume that we consistently negotiate, meaning you won’t save nearly as much money.
This can be time-consuming and difficult, which is why many people choose a debt relief company to represent their interests. When you go with Debt Defenders, you can take a backseat to the debt settlement process. You will need to agree to the terms of the settlement to move forward, but otherwise, you don’t need to have a high level of involvement.