We also have an astounding power to wipe out thousands of dollars of your debt
Most accounts have a one-time settlement rate that’s preapproved (typically 15 to 35 percent on credit card debt). Check out these surprising things credit card companies secretly know about you.
A lot of agencies buy debt for pennies on the dollar
Always start your settlement offer low, maybe 25 cents on the dollar. Say something like “I have $200 that I can apply toward this debt. Will you accept that as payment in full?” If I say no, ask what I’m willing to accept as a settlement and negotiate from there.
Sometimes when we’re negotiating, I’ll say I have to get a manager involved
Then I’ll have another collector be the “bad cop.” The theory is that just having another voice on the line will open up your wallet. You should know these 32 secrets about your tax accountant that they’ll never tell you.