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honey27

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How much should I settle for

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So you want to know how much to settle for.   There are two answers.  If someone is paying you, you settlem for as much as you can get.   If the settlement is you paying someone else, you pay as little as what you can.   If it is a debt you owe, it depends on how old it is.  The older it is, the less valuable it is.  In fact, if the item is past the statute of limitations which means they can't legally collect, the value is zero.  Now the question is, what is it worth to you to have it go away.   General rule, if it is over 5 years old, offer 10 cents on the dollar (10%), if it is 3 years old, maybe 25%.  If you are negotiating a dettlement, if they know you will write the check today, this means you have money and they want all they can get.  When you make a low ball offer, they'll laugh and tell you to get serious.  So ask them what they consider a serious amount.   You don't have to make an agreement on your first conversatoin.  If you don't have it, just tell them you don't and thank them for their time.  They may keep you on the line while they consult with their manager and come back with a more reasonable amount.   In all negotiations, cash talks and payments do not not make for good negotiations. 

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