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Home Q&A Forum Negotiating after a demand letter?

Debt Collection

Demand Letter

Maryland

Asked on Sep 17, 2023

Negotiating after a demand letter?

I recently received a demand letter from an individual who claims I owe them money. I am interested in negotiating a settlement outside of court, but am unsure of the best way to go about this. I am looking to get advice from a lawyer on how to proceed in order to reach a mutually beneficial agreement.

1 Attorney answer

Answer

Debt Collection

Maryland

Answered 278 days ago

Kimm M.

ContractsCounsel verified

Business Lawyer
Licensed in District of Columbia, Maryland
Free Consultation

As a general rule, the best approach would be to either send a letter in response that proposes the settlement terms you desire, or to call the individual and negotiate by phone.

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