Debt Negotiation - Lowering Your Interest Rates, Payments, and Balances!

When you begin to consider paying off all your debts and getting to where all you have is a mortgage payment and maybe a car payment you might think about using debt negotiation to help lower your payments, balances, and interest rates. This is a great way to save money and pay off debts at a discount. Here is how you can achieve the type of payment and balance you want on all unsecured debts. debt consolidation loans

First, you should start with the oldest debts and the ones you have not paid on in a while. You will want to save up about one third the balance that you currently owe before you give them a call. After you have this amount saved you will want to call them up and start doing the debt negotiation that will lead you to many dollars saved. debt consolidation loans

Second, you want to offer them the one third you have saved in order to pay the debt off in full. If they accept you will want to get it in writing and you want them to give you 30 days to pay it. If they come back with a counter offer, then you want to offer to pay half the balance in three payments. You will pay the one third you have now and then two equal payments for the rest over the next two months. debt consolidation loans

Last, if you really want to use debt negotiation to your advantage, then you want to hire a company that will do it for you. They will not ask you to save any money up because they already have good relationships with your creditors. They will work it out so that you make one monthly payment to them and they will pay your creditors for you. Then, after about 3 years all your debts will be gone for good.