To get the most out of your UGotiate experience, it is best to provide the most complete information that you can. When listing out your creditors individually, you will be asked to provide information on each of your creditors that you can find on your monthly statement. If you don’t have your statements with you or access to this info, enter what you can for now – just come back soon to update your account.
Your account number is what identifies your account. When contacting your creditor, you much include this number each time. For every letter and offer that you create, UGotiate will input your account number automatically – you won’t have to think about it. By entering in your account now, you won’t have to search through your statements and collection letters later – when it’s time to create a letter or offer. If you do not enter in your account number, you will have to manually enter it on your letters and offers later. Do it now – save yourself time – UGotiate will save this information for you.
You need to define a “starting balance” for each of your creditors – a point of reference for when you begin to formulate your negotiation strategy. If you make the decision to resolve your debt by settlements, you should take notice of the balance of each of your credit cards when you make this decision – this is referred to as your “starting balance” within UGotiate. As your debt becomes past due and ages over time, the balances will increase due to late fees, interest charges, etc. This is expected and part of the resolving your debt through settlements. You will want to be able to refer back to your “starting balance” and use that as a negotiation tool. UGotiate will always keep track of your “starting balance”. As a UGotiator, you will receive tips and guidance as to how to use your “starting balance” as a negotiation tool to obtain the lowest resolutions possible.
Interest Rate & Monthly Payment:
When researching opportunities for debt relief, it is very important to compare all options that are available to you. You can use UGotiate to compare and review your options. If you do not provide the interest rates and monthly payment amounts for each of your creditors, UGotiate can only show you comparisons based on industry averages. While comparisons based on industry averages will give you a general idea, nothing is as good as a personalized breakdown based on your true life situation. Knowledge is power – enter in your interest rates and monthly payment amounts now and UGotiate will provide a comparison based on your personal situation – then you can truly feel confident in the decisions you make.
If you and your co-applicant share several cards between you – but also have cards listed under only one of your names, providing this info now is a key to keeping your accounts organized right from the beginning. Resolving your debt may take many months - years even. It is very common that months down the road you may not remember whose name is on what account. Enter in the info now and UGotiate will save it for future reference. Most importantly – when it comes time for you to create and print letters or settlement offers to your creditors – UGotiate will recognize what name (your name, your co-applicant or both) to put on the letter or offer – no need for you to even think about it!