Keep Trying

A representative from a credit card issuer presented a Provanta negotiator with an offer of settlement.  The agent said, “The first offer I can make is $569.00,” which is 90% based off the balance of $632.00.

Our negotiator picked up on the words, “first offer,” that that the agent choose to use.  This lead our negotiator to believe she could offer a lower settlement.  The negotiator declined the offer and asked if that was the lowest she can go at this time.

The creditor came back with $506, or 80%  of the balance.  Again our negotiator advised the agent this was too high for our client.  The agent gave another offer of $442.  This continued on until she got down to her bottom line offer of $379.02, or 60% of the balance.

Considering this account started off with a balance under $1,000  this is a reasonable offer that will be presented to our client.

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