Vectors and 3D Models
Local Search - Finance
Weather Information
Get the App for Smartphones and Tablets

Go Back

WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch

Page Generation Date and Time:
06/05/2020 23:41:17

Free the Animation VR / AR
Play to reveal 3D images and 3D models!
Demonstration A-Frame / Multiplayer
Android app on Google Play
vlrPhone / vlrFilter
Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications / Multifunction Audio Filter with Remote Control!

Alexa Data

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:

With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News -
The Daily Files -
All the Directory Files -

Web version of feeds:
Podcast Music -
Daily Files -

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game

You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
Kung Fu TrainerRunning JesusChicken AtorMuay Thai 2Sift Heads 0

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows

Article Keyword Videos to Watch
Click on the image to start the video.

Related Topics
Images - Links - Articles


Related Images

Article Category Videos to Watch
Go to the Videos Pages

How to negotiate debts - If you have even a little money you have major leverage.

In my last article I started discussing how to negotiate debts. In this article I'll cover the remainder of what you can and cannot do when addressing old debt.

Old debt doesn't go away unless you pay it off. It's that simple. The original creditor might have charged it off. It might be very close to the Statute of Limitations. When you have this knowledge, and some money to pay your old debt, you are in a position to negotiate terms. Remember in the last article when I stated to not talk to collectors on the telephone? That person most probably does NOT have any authority regarding your account. You have every right under the law to seek PROOF OF THE DEBT.

You might want to offer a "settlement offer". That means that in consideration for the creditor/collector accepting agreed upon funds, they have to agree to accept your offer as "paid in full". There have been a great number of letters written regarding paying off "charged off accounts". Present FICO scoring methodology works in this fashion. If an account is reported as "paid charged off account", this action LOWERS your credit score. Today many creditors/collectors are being more and more aware of this failure in the system and have agreed to report the account as "Paid As Agreed" or have "DELETED" the paying history entirely.

There are many pros and cons regarding this type of reporting. However, we cannot agree with the FICO manner in which credit scores are lowered when one tries to pay off old accounts. I have read both sides of the argument and one fact stands out. When you have the money, you have the power. Feel free to exercise your leverage in negotiating your payment terms.

Look at this from the perspective of the creditor/collection agency. Imagine youíre a businessman and you have 100 accounts owing you 00 each and haven't heard anything for 4 years and suddenly all these past due accounts offered you 0 as payment in full for your updating the credit files. Would you take the money? That's a no-brainer. The most important part of this strategy is that no one has to resort to litigation, which is costly. The original creditor is happy and you might even get a new calendar at Christmas.

If you negotiate under this scenario and you do not have enough money to pay the debt all at once, then by all means negotiate monthly payments. DO NOT agree to make a payment by a certain date. Simply agree to pay so much per month. That way if you are a day or two late, you are not in violation of any agreement.

Now letís say you agreed to pay the account off over a period of 12 months. Well at the end of a six-month period you can show your lender that you are indeed serious about addressing your back debt. You have virtually turned bad credit into good credit. You have gotten the original creditor to discount your bill by 50% and he has agreed to finance you. You didn't borrow a dime to pay him back. Is that smart? You bet it is!

That pretty much sums up how to negotiate your debt when you have money as leverage. Later I'll go over doing the same if you have no money. In my next article I'll cover how the Statute of Limitations works.

About the Author: Chuck Lunsford is the owner and developer of He offers advice on how to get your credit in order and working for you. Visit his website and learn more about buying a home with bad credit .

Recommended Web Site(s):

Easy Articles Home Page - Articles Directory

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2020 WhmSoft - All Rights Reserved.