Debt Credit Learning Center
Reasonable Offers
Your reasonable offer should be palatable to the creditor. Remember that you are dealing with a debt collector
the debt collectors goal is to collect as much of the debt as possible from you to end your account as quickly as
possible.
In addition, the debt collectors goal is to collect the most money as possible as it increases the commission
check.
Keep in mind that this is a negotiation process. Therefore, it is a good idea to start low and let the creditor or
debt collector counter with a high number and try to meet in the middle.
An offer that creditors will seriously consider is usually 20 to 30% as a down payment with the balance to be paid
in full in 6 to 18 months.
Remember, if you can’t afford it DO NOT MAKE THE OFFER or agree to credit terms that you cannot meet.
It is better to end the call and re-evaluate at a later date.
the debt collectors goal is to collect as much of the debt as possible from you to end your account as quickly as
possible.
In addition, the debt collectors goal is to collect the most money as possible as it increases the commission
check.
Keep in mind that this is a negotiation process. Therefore, it is a good idea to start low and let the creditor or
debt collector counter with a high number and try to meet in the middle.
An offer that creditors will seriously consider is usually 20 to 30% as a down payment with the balance to be paid
in full in 6 to 18 months.
Remember, if you can’t afford it DO NOT MAKE THE OFFER or agree to credit terms that you cannot meet.
It is better to end the call and re-evaluate at a later date.
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