Disputing and Negotiating Strategies with Creditors
If you are considering the need to dispute or negotiate with one of your creditors, or more than one of your creditors, there are some pointers that you would do well bearing in mind. Armed with these tips and pointers you will have greater success of accomplishing what you set out to do when it comes to disputing a point or negotiating a settlement with one or another (or even several) of your creditors.
The Importance of Disputing and Negotiating with Your Creditors
If you have bad credit and want to deal with the situation, it oftentimes is necessary to deal with erroneous information that can be found on your credit report. In addition, in some situations bad credit is the result of charges on a credit account that really are not yours and similar types of problems. Therefore, understanding how to dispute properly points of contention with a credit card company is vital.
In addition, another way of slowly working to improve bad credit in some circumstances is working to negotiate a settlement of an account with a creditor. In more situations that you might imagine, you are likely to find a creditor that is willing to work out a settlement on an account with you rather than receive no money from you at all.
Talk to Someone in Authority
While it can be difficult at times to get beyond less than qualified frontline phone staff when you are trying to make contact with a creditor, you must do so. 99 times out 100 (if even that) frontline customer service staff do not have the authority necessary to make any significant decisions regarding your account. Unfortunately, in this day and age, these frontline staffers tend to be combative and argumentative when they end up dealing with someone that desire to dispute something or to try and negotiate and settlement. Anything beyond taking a payment seems to be a foreign concept to them despite the fact that they likely have marching orders to work to handle both disputes and negotiations at least to a preliminary degree.
Do not permit a creditor to push you around and about. Even though you may be plagued with bad credit, don’t think for a moment that you have abandoned any of your rights as a consumer. You also need to keep in mind that in many levels, the ball is in your court. You have the ability to see that the creditor in question gets at least some money from you. You have the ability to seek legal intervention that in many cases will cut of a creditor’s ability to ever obtain money from you that may be due and owing on an account. Thus, if you have certain realistic and appropriate goals when it comes to disputing and negotiating with a creditor, stand by those objectives, those fundamental issues that are vital to you.