On the face of it, the issue between such negotiation and utilizing the services of a professional may seem no different than a similar argument in any other industry or field.
Fighting your own case in the court of law or using a professional to help you out -Sounds similar, right? However, there is a huge difference as far as debt relief is concern.
For starters, your success or failure will determine whether your financial life improves or whether you file for bankruptcy.
Needless to say, this is to be burden for any individual to shoulder alone.
It makes sense to employ a professional for the sheer complexity of the task.
It is not matter whether you feel you are skilled or not.
If something goes wrong, you need third party to provide professional assistance.
Secondly, a professional will have all the logistics in place before the negotiations begin.
If you negotiate on your own, you will have to draft the agreement from scratch.
Needless to say, you will find it very difficult to provide the legal language and the specific terms and conditions as required by the credit card issuer.
If you cannot come up with the right agreement, you will have to rely upon the credit card issuer to help you out.
Needless to say, this will put you at a disadvantage and this is one position that you would rather avoid.
On the other hand, employing a service provider or professional will mean that the format of the draft agreement will be prepared even before the negotiations begin.
You can go through the same, understand it and check it for any potential sources of misinterpretation.
Finally, a professional will know what to do if the credit card issuer backtracks and does not act in good faith.
If the settlement agreement is signed but the credit card issuer is not prepared to hand over a copy to you, then the entire negotiation may come to an end.
Just as you threaten the card issuer with bankruptcy, the issuer may try to convince you that you should pay more as a part of the settlement deal.
It will be very difficult to cover these points without professional help.
When you consider all these advantages, you will realize that the cost of service is definitely worth less than the fantastic benefits that you enjoy.
Hence, it always makes sense to hire a professional settlement company to help you get rid of your financial problems.