Wednesday, December 1, 2021

A Speedy Settlement

 One of the benefits my clients receive when they retain my services to negotiate an out-of-court settlement on their behalf is my long-term relationship with many creditor attorneys.  These attorneys know from experience they can rely on my representations for my clients and I know how their best deals are typically structured.

Yesterday, I was hired to negotiate a settlement on a lawsuit recently filed by a creditor I have dealt with regularly for over 20 years.  After our initial consultation, I assured my client I should be able to reach acceptable settlement terms for them in a fairly short period of time.  (The norm for this particular creditor and their attorney is 1 to 3 weeks depending on the circumstances of each claim and they NEVER accept less than 50%.)

This morning, I sent a carefully worded offer to the attorney outlining my client's need for a 50% discount and monthly payments based on what I already knew they had agreed to with many other similar claims.

I received an acceptance shortly after noon this same day.

My client is now able to put the concern of a lawsuit behind them without yet being served AND enjoy manageable payments on 50% of the claim.