Debt negotiations is a process where you negotiate with your creditors to make easy monthly installment for your principal amount so that you can pay them easily or reduce your debt amount to some extent. It is a lengthy process sometimes you need to appeal to people in companies. Steps of debt negotiating are:

First of all you should organize your debts and stop unnecessary spending. Collect all debt documents, bills and any notices and any regularly paying fees.
Second step of debt negotiation is to think about from where you should start paying off your debts, first pay loan having high interest rates then loans with low interest rates.
Third step is go to your creditors and tell them about the whole plan and what options you have for the payment of your principal amount like either making easy installment, giving compensation or any other plan you have thought about. Initially creditors would not agree with you and would try to pressurize you to pay their all debts as soon as possible but you should not lose hope and try your best to gain their confidence.
Fourth is be committed to what you said to creditors and options you gave them in debt negotiation for debt settlement when you and your creditor agree on any term you should try your best to fulfill expectation from you in relevant to that term after all it good for you then for them.
No doubt debt is financial crises that can harm your credit report. You need to be patient and think about all the situations calmly and keeping in mind you have to pay this amount because you have done some purchases against this amount so its you liability but by doing right negotiation you can handle this problem very well.

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