In your negotiations for a discounted settlement with creditors, it sometimes helps to offer proof of financial hardship for your client. Many creditors are willing to accept better settlement terms if your client can substantiate a real NEED.
Always check with your client first before you offer any financial information to the creditor. If the information provided by your client does not reflect a problem, then there is no need to offer it to the creditor. However, if the information shows financial problems, ask the creditor or their agent if they are willing to review it to help in the settlement.
Tax returns, financial statements, bank statements or even a compilation of past due invoices from other creditors might help in your negotiations.
Be sure to use all the ammunition at your disposal in order to obtain the VERY BEST settlement terms for your client.
Scott F. Soape
Wednesday, October 28, 2009
Tuesday, October 13, 2009
Work Part-Time!
Commercial debt resolution is a great profession to work on a part-time basis. The actual time required to negotiate a settlement is very small, often entailing less than an hour or two in total. Plus, the limited written correspondence can easily be done evenings or weekends.
Even if you are not able to spare an hour or so during the day once a week or two to personally collect information on prospective clients, leads can often be acquired on-line at your convenience.
Closing just one case can result in a fee from as little as $300 or $400 to as much as several thousand dollars with the same amount of time and effort. Larger cases are typically no more difficult to work than smaller cases.
If you are simply looking for a way to supplement your current income without spending a lot of time, my Business Plan System for commercial debt resolution may be your answer. As always, I encourage everyone to contact me with specific questions before placing an order.
Scott F. Soape
Even if you are not able to spare an hour or so during the day once a week or two to personally collect information on prospective clients, leads can often be acquired on-line at your convenience.
Closing just one case can result in a fee from as little as $300 or $400 to as much as several thousand dollars with the same amount of time and effort. Larger cases are typically no more difficult to work than smaller cases.
If you are simply looking for a way to supplement your current income without spending a lot of time, my Business Plan System for commercial debt resolution may be your answer. As always, I encourage everyone to contact me with specific questions before placing an order.
Scott F. Soape
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