The Settlement

Settlement is a funny word.  According to Webster’s this word used as a noun means: 

1 : the act or process of settling
2 : an act of bestowing or giving possession under legal sanction b : the sum, estate, or income secured to one by such a settlement 

Now, when the work SETTLEMENT first comes up, you don’t know whether you should puke or celebrate.  First, there are the “how much” questions:

 1. How much am I going to get?

 2. How much am I going to lose? 

Let us not forget the timeline, especially if litigation is already in progress.  You might ask yourself “is something better than nothing?”  You can bet your lucky stars that the debtor is offering a settlement only so he can minimize his own losses and not because he suddenly had an attack of conscience. 

Once he finds himself in litigation, it is a safe bet that the debtor will be contacting you, the creditor, directly to try to negotiate a settlement on their own.  Do not be tempted to accommodate them.  The promises they make are the same ones they made before you were forced to turn their account over to an agency.  Empty promises!  Let’s face it, if you ever see a dime, it won’t be even close to what is owed you.  Stop re-enforcing bad behavior  and call us! 

You need to know that your agency is working for you and that the attorney that they chose to litigate is working for you and not just a pay check.  You need an agency that fights for your best interests, one that can collect your monies with or without litigation.  You need someone on you side that will fight for your rights and for payment of the debt that is rightfully yours.  Ask yourself this:  “Why should the debtor walk away with your goods and / or services for only a fraction of the cost?”  You worked hard to be able to provide those goods and services to your clients, so why should the chosen few get it for almost nothing? 

Call us and let our experts explain how we can recover what is owed to you in away that will lessen the stress on you, the creditor!  Contact us @ (800) 868-9298