Creditor negotiations
Discussions with creditors aimed at changing repayment terms, agreeing time to pay or reaching a settlement.
Related terms
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Debt negotiation
The process of negotiating directly with creditors to seek a more manageable repayment arrangement, settlement or other commercial resolution.
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Negotiated settlement
A debt resolution agreed through negotiation, usually changing the amount, timing or method of payment from the creditor’s original demand.
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Informal debt solution
A non-statutory way of dealing with debt, such as direct negotiation, a repayment arrangement or a negotiated settlement.
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