How to Negotiate with Knight Adjustment Bureau

Sarah Edwards | April 23, 2024

Sarah Edwards
Legal Expert
Sarah Edwards, BS

Sarah Harris is a professional researcher and writer specializing in legal content. An Emerson College alumna, she holds a Bachelor of Science in Communication from the prestigious Boston institution.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: To negotiate with Knight Adjustment Bureau, stop paying creditors, save the payments, and offer a settlement for 60% of the debt value. Get the settlement terms in writing before paying. Use SoloSettle for negotiation assistance if needed.

It’s easy to feel powerless when dealing with debt collectors. However, when you know your rights and have an idea of what strategies you can use, you do actually have some level of power. Take a closer look at what negotiating with Knight Adjustment Bureau looks like.

What is Knight Adjustment Bureau?

Knight Adjustment Bureau is a Utah-based debt collection agency. Its headquarters are located at 5525 S 900 E, Ste 215, Holladay Cottonwood, UT 84117-3500. If you need to get in touch, you can call the Knight Adjustment Bureau phone number at 801-531-7251. You might receive calls from phone numbers like 800-748-4113.

The company’s website includes several links to pages addressing common customer concerns, such as:

  • Finding general consumer help.
  • Requesting information.
  • Filing a wrong person report.
  • Disputing a debt.
  • Paying your bill.

With that being said, you can often get a better sense of what dealing with a certain agency will be like by checking their reviews. Here is what you will find when checking Knight Adjustment Bureau reviews on the company’s Better Business Bureau (BBB) profile.

Learn what Knight Adjustment Bureau reviews have to say

According to its BBB profile, Knight Adjustment Bureau is BBB accredited and has a rating of A-. The BBB reviews mentioned the Knight Adjustment Bureau claiming consumers had debts they don’t owe. One mentioned rude customer service representatives.

Knight Adjustment Bureau has had dozens of complaints filed against it in the last three years. Many of the complaints mention erroneous credit reporting and trying to collect on debts owed by other people.

Notably, even though the website makes it seem easy to get in touch or pay a bill, many complaints say it’s next to impossible to talk to a representative when calling the Knight Adjustment Bureau phone number.

The Consumer Financial Protection Bureau (CFPB) complaint database reports hundreds of complaints against Knight Adjustment Bureau.

Many of them echo the sentiments expressed in the reviews. They allege that the company tries to collect debts the consumers don’t owe. The company also allegedly tries to collect larger amounts than the amount a customer actually owes.

Here’s how to negotiate a settlement with Knight Adjustment Bureau

If debt accumulates long enough, you may find yourself trapped under a balance you can’t pay off. Often, this debt ends up in collections, which can make things worse.

Often, people in this situation are advised to hire an attorney. However, if you’ve ended up in this scenario, you may not have the funds to pay for the services of an attorney. Follow these steps to successfully negotiate debt you have with Knight Adjustment Bureau:

1. Decide whether settling is right for you

Settling your debt is a great way to reduce the amount you owe and start moving toward a better financial future. However, it isn’t for everyone. If you settle debt instead of paying it in full, the fact that you settled will have an impact on your score. The larger the amount of debt, the greater the impact on your score.

However, it’s better to settle than it is to continue to have unpaid debt. If you can afford to pay off your debt, that’s the best course of action. But if you can’t, arranging a settlement is the next best thing.

2. Stop paying creditors, but save what you normally pay

If you’re hoping to settle a debt, most experts suggest stopping payments. This doesn’t mean you should simply spend the money you’d otherwise put toward a debt.

Instead, put the amount of each payment in a savings account. You’ll need a cash reserve so you can actually pay the settlement amount you and Knight Adjustment Bureau agree on.

3. Send a settlement offer

Wait until you’ve saved up at least 75% of the value of the original debt. Once you’ve gotten this amount together, you’re ready to send a settlement offer. As a general rule, you should start by offering 60% of the debt’s initial value.

It’s unlikely that Knight Adjustment Bureau will agree to the first offer. Usually, it will take a few rounds of back-and-forth negotiation.

To see how this works, let’s consider an example:

Example: Louise gets a notice from Knight Adjustment Bureau saying she owes $5,000. She can’t afford all of it, so she offers to pay 60%, which is $3,000. The collector counteroffers with $4,000, and Louise suggests $3,500. Knight Adjustment Bureau accepts. Because Louise has already saved 75% of the original amount ($3,750), she can immediately pay the $3,500.

Don’t want to deal with Knight Adjustment Bureau directly? SoloSettle will handle negotiations for you.

4. Get settlement terms in writing

When you’re dealing with a debt collector, it’s always wise to get an agreement in writing. Before you make a payment, make sure Knight Adjustment Bureau has agreed in writing — not just over the phone.

Learn more about how to settle a debt with Knight Adjustment Bureau in this video:

Need help negotiating? SoloSuit can help!

If you can negotiate a debt settlement without an attorney, you can save yourself a significant amount of cash. Working with an attorney means you get valuable help and guidance. But what if there were an intermediate solution? If you need some help but still want to save, SoloSettle by SoloSuit can help.

When you use SoloSettle, you don’t have to deal directly with the debt collector. All you have to do is put in some information and wait for us to negotiate a fair settlement with Knight Adjustment Bureau. Let SoloSuit help you move forward from debt today!

Already been sued? It’s not too late to negotiate a settlement — find out how SoloSuit can help you craft an Answer to your lawsuit today.

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