Many people in serious debt may ask why they need the services of a debt settlement company in the first place.  In all honesty, you don’t! People in this situation can negotiate their existing debts on their own.  Yes, you can do it yourself!

Most don’t simply have one credit card to negotiate but several. This makes it a little more difficult and time consuming for the average person to do it. It is still possible, but many choose to let us do it since that’s what we do.

Creditors may not be on board with forgiving some portion of your debt or even take you as seriously as they might take a debt settlement company working on your behalf. What this “I can do it myself” attitude also ignores, however, is that the borrower’s relationship with money and/or money management problems may have played a larger role in the situation occurring in the first place than the borrower may realize. Therefore, if you are in serious debt but have decided that you want to change your relationship with money for the better and address your existing debts, then utilizing a debt settlement company is often a much better bet for you than trying to manage the situation on your own.

Will Your Creditors Take You Seriously?

If you contact a creditor on your own and tell them you want to negotiate a resolution of your outstanding debts, the creditor naturally may be somewhat skeptical given that you may owe them a significant amount of money and may also be behind on your payments. The creditor may not take you seriously given the history. Again, you as an individual can do this if you are persistent and patient!

If a debt settlement company contacts your creditors on your behalf, however, then it may be an easier process with a better outcome. We do this all the time! First, if your creditors are being contacted by a debt settlement company, they know that you are serious about reducing or eliminating your debts if you have gone to the time and trouble of hiring a debt settlement company.  Second, a debt settlement company will take time to meet with you and make sure debt settlement is your best option! We also share other options if we feel that debt settlement isn’t the right fit for you.

Debt Settlement Company Talks with Creditors All of the Time 

Signature Servicing has been through this process on behalf of hundreds of thousands of consumers who are now free from debt due to debt settlement. We have a wealth of experience gained over the years and understand which creditors may be more willing to accept a haircut on your debts based on past experience with other clients.  We also take birds eye view of your finances that you may not be able to truly appreciate given you are likely focusing on the individual trees instead of the forest.

Call Us to Discuss Your Creditor Issues

Although not right for everyone, working with a debt settlement company will often be right solution for you if your debts are not manageable on your own.  It will teach you a new set of money management skills that will empower you have a new money outlook.  Creditors will often react more positively to a debt settlement company reaching out on your behalf versus if you try to negotiate with them individually.  Therefore, working with a debt settlement company is likely a better choice for many people than trying to negotiate all your debts on your own.