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Negotiating Debt with Creditors

Do you have debt that you’re not sure you’ll be able to pay back? Are you worried you’ll have to file for bankruptcy? You may be able to avoid bankruptcy or other drastic debt relief measures by negotiating with your creditors.

Learn more about the debt negotiation process and how to negotiate with creditors. Remember that you should always do your own due diligence before making financial decisions, for example, negotiating with the creditors by yourself. You may find that your best option for potentially reducing debt is partnering with a reputable debt relief company with proven results to negotiate with your creditors.

How to Negotiate with Creditors

Before you can go into negotiations with your creditors, you’ll need to understand how to negotiate debts. Generally, most creditors won’t consider negotiation unless an account is at least 90 days delinquent on payments. In addition, most successful negotiations end with an agreed debt settlement. The settlement typically results in a repayment plan or lump sum payment. You should ensure you have the ability to save enough money to pay the settlement.

When negotiating credit card debt, medical bills, or other debts, follow these steps:

  1. Calculate how much you can realistically afford to pay.
  2. Contact your creditors and let them know you’d like to negotiate your debts.
  3. Let your creditor know your financial situation likely doesn’t allow you to pay back the full amount you owe.
  4. Keeping your personal maximum amount in mind, start with a low offer on what you are willing to pay.
  5. You’ll likely need to go back and forth with counter-offers. Don’t commit to an amount over what you’re realistically able to afford.
  6. Once you agree on an amount, finalize the agreement with a written contract to hold both parties accountable.

Tips for Negotiating with Debt Collectors

Negotiating your debts can be scary and intimidating. In order to give yourself a higher chance of having your negotiations accepted, remember these important do’s and don’ts.


  • Speak with confidence and assertiveness
  • Make sure you understand exactly what your agreement entails
  • Be prepared to look into your debt relief options, including debt consolidation


  • Enter a deal without a written agreement
  • Let your creditors disrespect or act rudely toward you
  • Accept an agreement amount that’s higher than you can realistically pay back

Challenges of Negotiating with Your Creditors

If you’re planning to negotiate your debts yourself, you’ll want to make sure you set up a specific time to negotiate. Setting up a time in advance gives you the chance to properly prepare for your debt settlement negotiation.

Even with proper preparation, however, you may run into issues when attempting to negotiate. Remember, your creditors likely have experience negotiating with borrowers. They’ll try to get you to pay the highest amount possible. They may even choose not to negotiate with you at all.

How Debt Negotiation Services Can Help You

You may wonder why you would need to work with a debt relief company when you can technically do the negotiating yourself. While this is true, working with a debt relief company can help you avoid the challenges of negotiation. The settlement team should be able to negotiate on your behalf. This helps you avoid the pressure of negotiating by yourself and can potentially stop annoying collection calls and letters.

In addition, a trustworthy debt relief company like Accredited Debt Relief and its affiliate partners give you a great chance of having a successful negotiation. As experienced negotiators, your creditors are more likely to be able to get you to agree to a less favorable deal. By letting a debt negotiator speak to creditors for you, you won’t be pressured by creditors to accept an agreement that isn’t in your best interests.

Access to Experienced Debt Negotiators

At Accredited Debt Relief, we work with a network of debt negotiators with years of experience in the debt relief industry. We understand the fear that comes with overwhelming debt and are here to help you better understand the debt negotiation process. Speak with us in a free consultation to get the answers you need on debt negotiation and debt relief.