Disclaimer:
The information and materials provided by Loop Marketers are intended for general informational purposes only and do not constitute legal advice. All recommendations should be reviewed and approved by your legal counsel or compliance team to ensure they meet the specific regulatory requirements applicable to your organization. Loop Marketers assumes no responsibility for any actions taken based on the information provided.
Opening Script Recommendation:
Opener 1:
“Hi, thanks for calling. My name is _______________, and I’m here to help you lower your monthly payments and reduce your unsecured debt through hardship loan programs and other financial solutions tailored to your situation.”
To get started, can I ask—would you say you currently have more or less than $10,000 in unsecured debt, like credit cards, medical bills, or personal loans?”
1. Concern: “Debt relief will ruin my credit score.”
Rebuttal:
Yes, your credit score may drop initially—especially if you’re behind on payments. But if you’re already struggling with debt, your score might already be impacted. A Debt relief program gives you a path forward to resolve your balances for less than what you owe, and many clients see their credit begin to recover once debts are resolved and balances are cleared.
2. Concern: “I heard debt relief is a scam or sounds too good to be true.”
Rebuttal:
That’s a valid concern—there are bad actors out there. That’s why it’s critical to work with a reputable, accredited company with clear disclosures, a strong track record, and client reviews. Make sure the company is transparent about fees, timelines, and expectations. Done right, it’s been a legitimate strategy for thousands of people in financial distress.
3. Concern: “Are you a government program or grant?”
Rebuttal:
This is sometimes confused with government forgiveness programs, such as student loan relief—but it’s important to understand that this is not a government program or grant.
Debt relief is a private financial service provided by experienced companies that work directly with major banks and creditors to reduce what you owe—often saving you thousands of dollars and in some cases, you will only pay back about half of what you owe. Unlike government assistance or grants, this is a structured program focused on negotiation and repayment, typically at a significantly reduced amount compared to your original balance.
4. Concern: “Do I have to pay it back?”
Rebuttal:
Yes and no. You’re still responsible for paying back a portion of your debt—but not the full amount. Our goal is to drastically reduce your monthly payments while we negotiate with your creditors so you can settle for less than what you owe—often even less than half. Settlements can be paid as a lump sum or through structured payments, depending on what works best for you and the creditor.
Once a debt is settled and paid, that account is considered fully resolved, and you won’t owe anything further on it. While it’s not forgiven like a government grant, this process can significantly reduce your total obligation and save you thousands of dollars.
5. Concern: “I’ll be sued by my creditors.”
Rebuttal:
Lawsuits can happen, but they’re not as common as many people fear—especially when you have experienced negotiators working on your behalf. Most creditors would rather settle than go through the legal process. If a lawsuit does occur, a good debt relief company can help guide your response and may even negotiate that account quickly to avoid further action.
6. Concern: “Why wouldn’t I just do this myself?”
Rebuttal:
You can try, but most people don’t have the time, leverage, or experience to negotiate effectively with creditors. A relief company has dedicated negotiators who understand how to get the best possible deals, track timelines, and handle all the back-and-forth—saving you stress and potentially more money in the long run.
7. Concern: “I’m worried about the fees.”
Rebuttal:
Debt relief fees are typically performance-based, meaning you only pay when a debt is successfully settled. Also, even after fees, most clients still end up paying significantly less than the total amount they originally owed. Make sure you understand the fee structure upfront—reputable companies are always transparent about costs.
8. Concern: “Will this stop collection calls and harassment?”
Rebuttal:
Debt relief doesn’t immediately stop calls, but once creditors see you’re working with a relief company and beginning to settle accounts, those calls typically slow down. Some companies can also coach you on how to handle or redirect those calls.
9. Concern: “It takes too long.”
Rebuttal:
Debt relief is not a quick fix—but it’s often much faster than trying to pay minimums for years with compounding interest. Most programs aim to resolve all enrolled debt within 24 to 48 months, and you’ll see progress as each account is settled, not just at the end.
10. Concern: “Is this better than bankruptcy?”
Rebuttal:
It depends on your specific situation. Bankruptcy has more long-term credit and legal consequences and can stay on your credit report for up to 10 years. Relief can be a less damaging alternative that avoids court and helps resolve debt for less, without completely shutting you out of future borrowing opportunities.