Suggesstion & Guidelines for Contacting Debt Collectors and Creditors

While negotiating always have each and every communication with your creditors in wrting. Now, this is done just to minimize the chances of miscommunication and also to make sure that you have all the written proof of your communication with the collectors and your creditors.

Below you will find a check list that you can use for mailing creditors & debtors :-

1. Always address the letter to the particular department or the specific person.
   
   
2. Explain clearly your financial situation and also don't forget to mention why you were unable to stay current on payments.
   
   
3. It will be better if you also suggest a possible solution to your debt problem.
   
   
4. Don't forget to sign your letter.
   
   
5. Check the address twice before you send the letter. Put the correct address of the receipient and it will be better if you also mention the returning address.
   
   
6. Do some research online and do check out the company's website properly.
   
   
7. Documents that will serve as the proof for your financial situation should be attached.
   
   
8. If you fax the letter and the documents, do not forget to keep a fax confirmation sheet with yourself as a proof.
   
   
9. Now you may also use a certified mail. Make sure that you come to know that the letter has been received.

Keeping a written record of every document will protect you from future creditor claims and will also avoid unnescessary and unwanted problems while you negotiate.