Skip to content

When Is Debt Negotiation My Best Recovery Option?

Debt negotiation can be a hard pill to swallow if you’re on the business side of it. After all, you have a legal right (and a financial need) to the funds that are owed. So why should you settle for anything less?

To put the answer for this in perspective, it’s important to note that much of the debt turned over to collection agencies each year is not fully realized. The national average is just over 20 percent, in fact.

You can increase your options by choosing the right arbitrator — someone who will aggressively pursue payments and has the knowledge and skill to apply the right kind of legal pressure. But debt negotiation will always be a part of it, and it’s important your service provider knows when to use it.

It can literally be the difference between getting paid something or losing out on most of the revenue. Let’s now examine the best time to use it.

Debt Negotiation Factors

Determining which factors are the most important to the debt negotiation decision is a vital step in the process. It requires speaking to the client as well as examining your own bottom line. To help, we’ve put together a list of important questions:

  • Is the individual willing to pay something?
  • What financial resources do they have?
  • Would an extended period of time and more lenient repayment terms result in a larger payment?
  • What legal options do you have, and is the cost of pursuing them worth more than you’d be able to recover?
  • Could future harm come to your business by not aggressively pursuing the debt in question?

The above should serve as a good barometer for knowing when to negotiate and when to stick with your guns.

Maximize Your Chance of Repayment

At Southwest Recovery Services, we can work with you and the individual to devise strategies that maximize repayment opportunities, particularly for our healthcare customers who enjoy the benefits of Early Out. We have more than 25 years of debt recovery experience, and we know how to weigh and address factors that may be stalling the payment process.

If you believe that your business, municipality, or healthcare organization could benefit from an extra set of eyes, or you don’t believe you have the time and/or ability to pursue a successful debt negotiation, we want to hear from you. Reach out to our offices in Dallas, Houston, San Antonio, Austin, or Oklahoma City at your earliest convenience, or contact us through the website.

Recent Comments

    Have A Question?

    Get In Touch

    Southwest Recovery Services is a national collection agency with offices in Texas, Oklahoma, Missouri, Ohio, Florida and Georgia.

    Payment Processing

    • Online Payment Terms and Conditions

      Welcome to the Southwest Recovery Services LLC payment processing site. Please read and agree to the following online payment terms and conditions, website Terms of Service, and Refund Policy prior to agreeing and completing your online payment.

      *** NOTICE ***

      This is an attempt to collect a debt and any information obtained will be used for that purpose. This communication is from a debt collector. If you have any questions or would like to talk to a live Collections Specialist, please call us at (866) 558-3328 during standard business hours: Monday thru Friday 8am-6pm CST. You can also mail your payment directly to Southwest Recovery Services LLC, 16200 Addison Road Suite 260, AddisonTX 75001.

      Credit Card Transaction

      By submitting payment information through this Service you agree to the terms and conditions of this Agreement and any documents incorporated by reference. You further agree that this User Agreement forms a legally binding contract between you and Southwest Recovery Services Inc. and that this Agreement constitutes "a writing signed by You" under any applicable law or regulation. Any rights not expressly granted herein are reserved by Southwest Recovery Services Inc.. By clicking on the "I Agree" button and by clicking on the “click here to pay by credit card” button, you are accepting these terms and the stated fees for using this service.

      IMPORTANT:  Please make sure that you have correctly inputted your account number and creditor’s name in the payment form. This information can be found on your bill. For assistance, please contact us at (866) 558-3328. 

      This site provides a secure payment portal for making online payments. Please ensure that you are paying the correct party and that you have a valid account number received from us.

      If you do not know your account number, please do not make a payment through this web site at this time. Instead, please Contact Us to obtain your account number before returning to make the payment. Without the account number we cannot credit your account with the payment you make on this site, which would result in a significant delay in processing of your payment.

      • This is a web site of a collection agency.
      • This is an attempt to collect a debt.
      • Any information obtained will be used for that purpose.

      Question? Contact Us: info@swrecovery.com

    Make A Payment