[header] How to write a settlement proposal [title] Collect all information on your debts and sort it by date. [title] Decide which debt you want to settle and the amount you can pay. [step] You should choose a debt that is long overdue and which the creditor might reasonably expect will not be paid back.
[header] How to write a settlement proposal [title] Collect all information on your debts and sort it by date. [title] Decide which debt you want to settle and the amount you can pay. [step] You should choose a debt that is long overdue and which the creditor might reasonably expect will not be paid back.
Keep in mind that you may need to pay the creditor another debt before you can negotiate any money. If you have not yet taken a loan from the creditor, then compile other debts before you can negotiate your settlement agreement. [substeps] Understand why debt collection procedures will be different. Generally, debt collection procedures will not involve pay backs, negotiation, or trial. [title] Decide on a figure for your settlement. [step] In general, a debt settlement should be about half of the total amount owed. However, if you are dealing with several different debts, these might go against your settlement proposal. [substeps] Focus on the value of the debt: you want to collect debt with a larger amount than you reasonably believe the creditor will pay back to satisfy the debt.