When the issue is on the subject of debt relief, it's characteristic to listen to borrowers and lenders talk about credit counseling, debt consolidation, debt administration, debt conciliation, and debt settlement.
If you don't have a loan for a large amount of debt and your income is limited, you may opt to renegotiate repayment terms and conditions with your creditors.
If you are in no doubt and its clear in your mind that you can perform this undertaking alone, you need to be capable of communicating your position with your creditors during the negotiations process with absolute clarity, poise, and persuasiveness.
You will have to schedule a meeting with your creditor and work out a deal on your debt in a professional way.
You have to always remember that in this negotiating process you are the one in the weaker position therefore the creditors are not compelled to go with your view.
You are supposed to convince them to see things your way.
The best way to wean over your creditors is to show them how the new payment plan structure will guarantee them getting back there money with interest.
The bottom line is that just as much as you want to get out of debt your creditors also want to get their money and interest.
A preliminary negotiation that results in a downbeat result ought not to put a damper on things.
You have to take a crack at it again, but it will require studying your mistakes and gaining knowledge on what you did wrong and what you can do to correct the mistakes and do a better presentation the next time.