Time is money and it is no different when it comes to unsecured credit card debt, banks want their settlement money in ASAP.  In the past we have written how it is best to settle delinquent credit card accounts before they are “charged off” to collection agencies.   Creditors know they have a small window of opportunity to collect as much money as possible on unpaid debt; this is why when any account is 90 days delinquent immediately it qualifies for debt settlement offers.  These offers will be extended by most creditors up until about 180 days delinquency (six Months) before the accounts are referred to a third party for debt collection.

Urgency is a must for both creditor and client one is looking to get paid and the other is looking to save money, there is a mechanism here that will allow both to reach an agreement here, it is called debt negotiation.  Debt negotiation is the means and debt settlement is the result.  Money plays a larger than life role in this process, as the creditors would like to receive back as much as possible on their original loan.  This is a cat and mouse game, both creditor and client must understand the real need for an agreement this is when the phrase “Time is of the essence” kicks into place.

A small window of opportunity for a negotiated settlement, if done right the client can come away with huge savings, if done incorrectly, in most cases a third party collection agency awaits.  Anyone can negotiate settlements on unsecured credit card debt, I mean anyone this is why Do It Yourself Debt Settlement is the best program to use.  It is your program you use it as you may, you talk to creditors as you wish (hopefully professionally) and you reap the rewards.  My question is,   what are you waiting for don’t you know time is of the essence?