Settling accounts with your creditors is both an art and a science. Just as each client in a debt settlement program has a unique situation, each creditor also has unique policies and terms for settling accounts. Your DMB Financial debt settlement advisor has experience on how each creditor handles debt settlements. It is their job to map out a strategy for dealing with each creditor and deciding when to settle each new account to attain the greatest possible savings for DMB clients in the shortest possible timeframe.

Knowing when to settle a new account is one of the most difficult responsibilities for debt settlement negotiators. Each creditor is different when it comes to settling delinquent accounts. Some creditors will settle an account that is 90 days past due, while others require a delinquency status of 180 days or longer.

There is no “magical formula” when it comes time to decide when to settle new accounts. Your DMB debt settlement professional will investigate each of your accounts to construct a roadmap to settling your debt based on the number of creditors, their willingness to negotiate, and your ability to save funds towards settling these accounts. The key is to remain focused on your responsibilities, and allow our experienced negotiators to handle your creditors. With a little hard word and determination, you will soon be on your way to rebuilding your finances.

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