How do I negotiate with Creditors?
In summary, no creditor/debt collection agency is the same and they often have different processes and protocols along with various criteria that must be met. One thing we do advise is being proactive and liaising amicably with your creditors. This will bring about the best result.
However, the above is easier said than done. Debt is incredibly emotional and debtors often cannot contain their emotion and this can lead to aggression in their approach which will be frowned upon by the lender. Furthermore, when liaising directly with a lender they will find it difficult to fully empathise with your circumstances. It would be a case of you presenting information and the creditor perhaps taking the view of – “well you would say that!”
Successful methods of negotiation
Bell & Company believe that appointing an intermediary can greatly increase the chance of success in debt negotiations. Having an intermediary can remove the emotion from the situation. We liaise amicably with creditors whilst still fighting your corner. Ensuring both parties are satisfied with the outcome.
Bell & Company have no conflict of interest and we achieve the best possible settlement for out clients. Furthermore, representations we make to your lender are both tailored to your circumstances and the lenders requirements. We know what the lender is looking for and make sure it is clear to them.
Combining the above, we can reduce the timeframe and stress associated with debt negotiations. Whilst increasing the likelihood of success. Even if you choose not to appoint Bell & Company.we urge borrowers to be proactive in contacting their lender and be honest as to your circumstances – many lenders have policies in place to help those in financial difficulty.
Who we are
Bell & Company are expert Debt Strategists and achieve successful negotiations with a variety of lending institutions. We specialise in assisting borrowers with problematic Mortgage and Corporate Debt issues. We operate across Northern Ireland from our Belfast Head Office.
If you or anyone you know is suffering stress from financial problems, then please contact our team today on 02895 217373. We always offer a free initial consultation and would happily welcome you.
Alternatively, You can read our brochure to read more about our services.