Negotiate a Debt Settlement Like a Pro

Negotiation of Business Related Collections

Negotiation can be an art form. With the right access to legal advice and guidance, you can have the legal support you may need to seek resolution of business-related debts. 

Debt Negotiations

Here are things you may need related to debt settlement negotiations: 

  1. The circumstances causing the debtor to default on their obligation 

  2. An appropriate opening offer and your bottom line number

  3. The broader terms and conditions of the settlement agreement 

  4. What paperwork you should have the debtor sign after a successful negotiation 

Negotiation strategy may be different for each debtor you deal with. Rather than stress and guess, join LegalShield and a provider attorney can advise you on the best course of action and help you with the debt negotiation process.

Debt Negotiation Basics
What Terms Should You Settle For

What Terms Should You Consider When Attempting to Settle?

There are several factors that you can weigh to determine the financial numbers and other terms upon which you’re willing to settle.

  • Does the debtor owe you for a physical product or for services rendered? 

  • Have you fully or only partially delivered under the terms of your agreement?
What were the hard costs to deliver the product or service?

  • What is the nature of your relationship with the debtor? Do you want it to continue?

Consulting with an attorney experienced in debt negotiation is a great way to get clear about what may represent an acceptable settlement. Also, with a LegalShield membership, you can have your provider attorney help you draft the appropriate settlement paperwork.

Have an Attorney Negotiate a Debt Dispute for You

Keeping a cool head when you’re in the middle of a dispute over money is not easy. That said, remaining calm and being reasonable is essential for a positive outcome.  
Whether your business is owed money or another entity is claiming you owe them money, having an attorney handle the matter can not only help with negotiations, it can reduce your stress.
If you join LegalShield, you can be on the phone with a provider attorney in as little as 4 hours. If appropriate, your attorney can write a letter or make a call on your behalf to seek resolution of the situation for you at no additional cost.

Have an Attorney Negotiate a Debt Settlement for You

How a LegalShield Small Business Plan Works for Debt Negotiation

Your business pays a small monthly fee starting at $49.00 per month and gets legal advice, document review and attorney representation services you can use to negotiate and settle debt disputes faster.

Al Scott Photography
Texas Member
Dear LegalShield, I am writing you this letter to say thank you for all of your assistance. I am a professional photographer by trade and I have used LegalShield for everything from trademarking advice to collecting outstanding debts from clients. All in all, I can't believe the help and advice that I have received for such a reasonable fee, the service has more than paid for itself and it is priceless to have someone that I can talk too fast with knowledgeable legal advice. Thank you.
Get Help With Debt Negotiation
Plans Start at Only $49.00 Per Month

Key Features of Our Small Business Legal Plans

LegalShield’s business plans can help you in the following areas.

Advice, Consultation and Research

Legal consultation from a provider attorney on business legal matters, with legal research for each issue, if needed.

Letters or Phone Calls

Receive help with business legal matters more efficiently with professional communications issued on your behalf.

Document Review

Put business-related legal documents through legal review.

Collection Letters
Collection Letters

A collection letter from a provider attorney could help you recoup payments more efficiently.