SoftSettle Support
Debt settlement involves making an offer to the credit card company to settle the amount you owe for a lesser amount. If the creditor accepts, you will need to pay the entire settlement amount up front, in one lump sum.
A credit card company might accept a settlement if you’re very delinquent on your payments; it is often less costly for a creditor to accept a lesser amount in settlement than it is to send the account to collections, file a lawsuit, obtain a judgment, and then try to collect on the judgment.
The credit card company or creditor would rather dare to settle some scores against the debtor so far as the debtor is not ready to pay the entire payment against the loan. The creditor writes off the remaining balance supposed to be received by him after settlement and reports to the credit bureaus that the debt was paid in full by settlement for a lesser amount. As the result, the debtor will lose his credit rating and automatically he/she becomes an offender as far as CIBIL is concerned.
Hence such situations have to be avoided in case the debtor requires further financial assistance or loan from recognized banks or other related institutions.
Soft Settle could be a right choice to assist you to settle the issues with your creditor where you fail to effect monthly payment against credit card debt continuously. The rationale behind debtors rallying around the platform Soft Settle can be listed in the following manner.
- You can do it by yourself using the platform of Soft Settle on free signing up.
- Soft Settle facilitates virtual interaction between you and your creditor.
- You can receive counter offer against your offer and that itself would desist every agonizing deals from the part of your creditor.
- You can take control of your financial problems and take time to explore your genuine sources to settle the financial issues
- You can participate in e-resolution process without any cost.
- You are in control of the e-resolution process
- During negotiation your collaborative and generous attitude would be considered and as a result you would be blessed with the convenience in respect of time and payment installments.
As such, you can seek the assistance or support of the Soft Settle deemed to be an expert negotiation platform facilitates you to negotiate with creditors on your own, rather safe to say that with the professional background of Soft Settle, you will get a better settlement offer and you will end up paying back less and your repayment plan can be amended in accordance with your convenience.
Consult with Soft Settle so that your debt relief is never far and your interaction with creditors would be worked out without any fear, inhibition or any such reservations.