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Negotiation can be an art form. With the right access to legal advice and guidance, you can have the legal support you may need to seek resolution of business-related debts.
Here are things to consider during debt settlement negotiations:
The negotiation strategy may be different for each debtor you deal with. Rather than stress and guess, join LegalShield and a provider lawyer can advise you on the best course of action and help you with the debt negotiation process.
If you’re looking to resolve an overwhelming debt, it might be worth negotiating to offer some level of debt relief and collecting on a lesser amount rather than having to resort to a collection agency or lawsuit. Depending on the debtor’s financial situation, you can arrange for a lump sum or monthly payments on a reduced amount to ensure that you receive at least some of what you’re owed without having to escalate the situation.
There are several factors to weigh when you’re considering settlement to determine the financial amounts and other terms upon which you’re willing to settle.
Consulting with a lawyer experienced in debt negotiation is a great way to define what would be an acceptable settlement. Also, with a LegalShield membership, you can have your provider debt negotiation lawyer help you draft the appropriate settlement paperwork.
Keeping a cool head when you’re in the middle of a dispute over an amount of debt is not easy, but it’s essential for a positive outcome to your negotiations.
Whether your business is owed money or another entity is claiming you owe them money, having a debt collection lawyer handle the matter helps with negotiations and reduces your stress.
Join Legalshield today and, if appropriate, your lawyer can write a letter or make a call on your behalf to seek resolution of the situation for you at no additional cost. Secure a brighter financial future.
Your business pays a small monthly fee starting at $49/month and gets legal advice, document review, and debt negotiation lawyer representation services you can use to negotiate and settle debt disputes faster.
LegalShield’s business plans can help you in the following areas:
Legal consultation from a provider lawyer on business legal matter, with legal research for each issue, if needed.
Receive help with business legal matters more efficiently with professional communications issued on your behalf.
Put business-related legal document through legal review.
A collection letter from a provider lawyer could help you recoup payments more efficiently.
Finding solutions to your legal issues doesn’t have to be stressful, complicated or expensive. LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.
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