In the course of business, we have established contacts with
the major banks, collection
agencies, and collection attorneys.
Debt settlement is recognized as a viable solution by collection
industry professionals, and at National
Debt Settlement we pride
ourselves on the professional reputation we have established
by dealing fairly with creditors.
In the rare instance where
a creditor balks at accepting a reasonable
settlement at the
time it is proposed, it is often a matter of simply waiting for
a different phase of the collection process. Some creditors are
more inclined to play "hardball" than others, but virtually
all of the major institutions eventually sell their accounts
to collection agencies in order to get what they can for the
account.
Since the collections agencies
acquire these accounts for pennies on the dollar, they are more
inclined to accept a reasonable settlement offer, which
still represents a profit on their purchase.
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