Online Legal Advice for Debt Negotiation & Relief

Here are things to consider during debt settlement negotiations:

• The circumstances causing the debtor to default on their obligation
• An appropriate opening lump sum offer and your bottom line number
• The broader terms and conditions of the settlement agreement
• What paperwork you should have the debtor sign after a successful negotiation

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.

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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.

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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.

• Does the debtor owe you for a physical product or for services rendered?
• Have you fully or only partially delivered under the terms of your agreement?
• What were the hard or actual costs to deliver the product or service?
• What is the nature of your relationship with the debtor? Do you want it to continue?

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.

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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.

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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.

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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.

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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.