Negotiation Strategy Document

A Negotiation Strategy Document is a written plan that outlines the approach, tactics, and objectives that a debtor or their representative will use in negotiating a settlement with a creditor or debt collector. The document typically includes an analysis of the debtor’s financial situation, including their income, expenses, assets, and liabilities, as well as an assessment of the creditor’s likely negotiating position, based on factors such as the age and type of the debt, the creditor’s policies and practices, and any previous communications or agreements. The document may also include a range of potential settlement offers, along with the rationale and justification for each offer, as well as a plan for how to present and negotiate the offers with the creditor. The purpose of a Negotiation Strategy Document is to provide a structured and systematic approach to the negotiation process, to maximize the chances of reaching a favorable settlement, and to ensure that the debtor’s interests and objectives are clearly communicated and advocated for.