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Old 12-19-2008, 09:22 AM
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Join Date: Nov 2008
Posts: 14
Default Debt negotiation letter
People borrow money for various purposes. Normally people borrow when they failed to manage their income earned from their work. Borrowings money form others is called debt. But debt is a normal situation for any person. Now a day’s man uses different kinds of debt for their different functions.

A debt negotiation letter is a proposal to the creditor. This is the letter through which debtors shows his keenness towards debt repayments. In debt negotiation letter, the debtor tries to recognize creditor that he is eager to pay back all of there debts but not in full. If creditors accept this letter than the negotiation stage begins. So we can say that this letter is an offer for negotiations.
Last edited by counselors : 12-19-2008 at 08:35 PM.
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