Job Description for a Debt Negotiator


Debt management agencies and debt arbitration and settlement firms often employ debt negotiators. This profession required knowledge of debt collection practices and procedures, as well as of laws that involve debtors and creditors.

Duties and Responsibilities

  • Debt negotiators provide financial advice and assist clients in building a budget that fits their needs. Their responsibilities include reviewing the client's current financial situation and credit history and providing counseling on savings and investments. A debt negotiator then makes contact with creditors, validates the debt and negotiates the best settlement agreement for the client.


  • A debt negotiator must possess strong negotiating and communication skills. A desire to assist the public is also helpful. Also essential is an understanding credit reports, how to complete a financial plan, and the various credit and debt laws.


  • With the proper debt negotiation, consumers and businesses may prevent costly litigation or bankruptcy.


  • Debt negotiators are also known as debt specialists or debt arbitrators. Many times attorneys or paralegals perform debt negotiations, as well.


  • Most companies require training in debt negotiation. Training may be received at an online college, university or community college. Schools that specialize in debt arbitration also provide the necessary training.

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  • Photo Credit Image by, courtesy of Alan Cleaver
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