Did you know that you could talk yourself out of debt? Yes, really you could talk your way out of debt. Does this sound just too good to be true - that you could just talk your creditors into helping you? The solution is called debt negotiation, debt settlement, or debt arbitration. But whichever you call it, it's basically the same thing. It's where you contact your creditors and talk them into helping you get out of debt. The author shares his personal phone calls to banks that saved more than $43,000 for himself, his family, and friends! These 52 phone calls, out of the hundreds he has made, demonstrate exactly what worked, what didn't, and why. In each call transcript, for anonymity, banks have been renamed as dog breeds and their reps as bugs.: ) In this book, you will discover proven negotiation strategies, and build your confidence while learning how to: (1) get annual fees waived; (2) lower your current interest rates; (3) shop for the best credit card deals; (4) get late-payment, over-limit, and cash-advance fees waived; (5) compare loan options and calculate savings; (6) dispute charges and get all your refunds; (7) negotiate account settlements; and much more!
Learn the secrets to: Settle debt yourself; Stop phone calls (legally); Cut interest rates; Halt fees; Save up to 60% on unsecured debt. A step by step, do it yourself guide including expert negotiation techniques.
The current economic climate is dim for many Americans it forecasts potential recession, trouble for homeowners, and increasing personal and credit card debt. According to Federal Reserve estimates, that credit card debt is already in the trillions of dollars and rising each year. So, what can you do about it without immediately resorting to bankruptcy eliminating the entirety of your finances for years to come? It's a tough question to answer and one that many are faced with regularly, but there are ways to handle these debts legally without reaching for the extreme, final measure that we all dread so much. This book was written to provide every individual who is standing at the precipice of too much debt with the tools they need to settle that debt legally without ruining themselves forever. You will learn everything you need to know about the basics of debt, including what the various kinds secured, unsecured, personal, business, and tax debt entail and how they affect you. You will learn what happens to you when you don't pay, both legally and socially, and what your first steps should be on the road to repairing your debt. You will learn how to assess your overall risks and what your options are with your creditors. You will learn what vulnerabilities your debt collectors have legally and what you can do to legally challenge the validity of your debt. You will learn how to deal with bill collectors and how to create a line of communication that is two ways and not reliant solely on them making demands. Top financial experts, bill collectors, and one-time debt owers have been contacted and interviewed for this book and their interviews have been included here to provide a complete outline of what you can expect when you try to settle your debt. You will learn how to start negotiating settlements with your creditors and what specific things you can and cannot do when dealing with them. You will learn the variety of debtor's rights that exist and why they are never told to you, including details about the Fair Debt Collection Practices Act and how this act is legally enforced. For anyone who has ever spent the better part of their life dodging calls from creditors or trying to figure out how to pay those bills next month, this book will be the tool you need to understand how to tackle and deal with your debt. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidentâe(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
Why You Should Read This Book: If you have debts and don't know how you'll get rid of them, this book is for you ... If creditors are calling you day and night to collect from you, and you don't have a solution, this book is for you ... If you've wondered how long you'll pay minimum payments, and if you'll ever get out of debt, this book is for you ... If bankruptcy is starting to look like your only choice, this book is for you ... If you'd like to settle your debts, and wonder if you can do it yourself, this book is for you! Inside you'll find out how to work out a budget; how to figure out what your choices are, and decide on your best choice; you'll get instructions on how to talk to your creditors; you'll get negotiation insights that will help you get your best settlements with your creditors; you'll even receive information about what to do in case you receive a lawsuit from one of your creditors (yes, that can happen, and you need to be prepared so you know what to do). Many people have debts and need help. You might think you need to get a professional to help you negotiate with your creditors. You don't! I owned a debt settlement company for years and I know most people can do this themselves. If you think you can, this book will show you how to settle your debts yourself. I don't hold back any secrets. You can do it! This book will show you how.
***SECOND EDITION***This book IS about negotiating forgiveness for your credit card debt by writing your creditor one simple negotiation letter and what to do if the creditor refuses to negotiate. If you owe money on your credit cards and cannot make payments anymore because of financial difficulty, this book is for you. I owed over $100,000 in credit card debt and the debt was hurting my life. I had trouble sleeping at night thinking how long my ever-increasing debt would continue to gnaw at me. Even if I could afford to make the minimum payments and do not borrow anymore, with interest of 25% APR, I will still owe a lot of money after many years of making only minimum payments. The interest alone would total close to $100,000. It took a year of trial and error, hours on the phone and writing meaningless letters most of which I copied from the internet before I saw the light at the end of the tunnel. None of the free advice and letters in the internet worked because the truth is I was not insolvent. I did not qualify for bankruptcy protection. I could have paid my credit card debt by liquidating my assets, selling my house, but that would have been devastating for my family. I kept on thinking of a way for my creditors to reduce my debt. I finally came up with The Letter that uniformly worked in negotiating down my debt. After mailing The Letter to my creditors, I received a reply from one of them offering to accept 50% of what I owed as full payment of my debt. I countered with 5%. We finally agreed on 10% of the original amount as full and final settlement of my balance. Considering I had not paid them for a year, I accumulated a little cash, so I was happy to grab the offer and pay the 10%. I had five credit cards with large balances and The Letter worked satisfactorily on four of the accounts. I settled the 4 accounts for between 5% and 15%. The last hold-out, surprisingly the account with the smallest balance at $13,000 chose to take me to arbitration. This negotiation-resistant creditor perceived that they might collect more money from me that way but they were wrong. I was surprised that not one of the 4 creditors even referred to the contents of The Letter or attempted to verify what I had written in the letter. The Letter aims to convey this message: "Take my final settlement offer or sue me. But if you sue me, you will lose". Ken Clark, author of The Complete Idiot's Guide to Getting Out of Debt: "So many people are trying to get their balances reduced, you call and try to negotiate a balance, and it's 'Get in line.'" The card company's attitude may be, "Yeah, you and everybody else"". My Comment - That's because you called to negotiate instead of sending them The Letter shown at the end of this chapter. Trust me there aren't that many accounts in default as a percentage of the whole or our banking system would collapse. If you write The Letter shown at the end of this chapter, the creditor will put you at the front of the line.Brian Tawney, Director of Clear One Advantage: "Based on experience negotiating with creditors, debt settlement companies know what percentage of debt owed each creditor is likely to agree to. We use an algorithm that considers 140 different variables and tells us the accounts that have the highest opportunity to settle at any given time. We negotiate in bulk. We can negotiate thousands of cases and get a better settlement for everyone". Translation: Debt Settlement Agencies take only the easy cases that's why they "negotiate in bulk". If they have to spend more time on your case because you have wages a creditor can garnish and assets they can put a lien on, they will not take your case. I like my system better. You write The Letter shown at the end of this chapter which begs creditors to forgive 85% to 95% of your debt. The creditors can take it or leave it. If they take it, you win. If they leave it, they lose. Author's website: www.didosphere.com
WE THE PEOPLE No lawyers. Save money. We The People is America's largest legal document services company. Dedicated to helping every American avoid the high cost of legal fees, We The People gives you the information you need to handle your own legal filings quickly, easily, and inexpensively. Hundreds of thousands of Americans have already liberated themselves from the tyranny of attorneys' fees--and now you can too! We The People's Guide to Bankruptcy makes filing for bankruptcy as affordable and painless as possible--all without the added hassle of hiring a lawyer. This practical, nuts-and-bolts guide covers all the basics of do-it-yourself bankruptcy, and includes insider tips and the personal stories of other people who overcame tough financial challenges. Extra resources--a glossary of legal terms, a Q&A chapter, and sample forms and worksheets--make this the best resource available for handling your own bankruptcy. Plus, when you purchase We The People's Guide to Bankruptcy, you'll be able to download important legal forms to complete your bankruptcy filing. Inside, you'll learn all the basics and more: * What bankruptcy is * Whether bankruptcy is right for you * Different types of bankruptcy * Where to find the legal forms you need * How to download legal forms you need * The ins and outs of Chapter 7 * How to handle your creditors' meeting * How to get back on your feet after bankruptcy Bankruptcy isn't the end of the world. In fact, it can mean a new beginning for you and your family, and it's easier than you think. Do it right, do it inexpensively, and do it yourself--with We The People's Guide to Bankruptcy.
For readers who are paying bills with credit cards, cringing every time the telephone rings, avoiding stacks of unopened overdue notices, or facing foreclosure, Mitchell L Allen offers a practical resource full of hope. In this guide Allen empowers readers to make smart choices about how to emerge from debt and recover from the devastating financial and emotional effects of hard times. Unlike other debt-relief authors, Allen doesn't focus on bankruptcy or avoiding bankruptcy; he presents all of the options available and explains how to take advantage of them. He teaches readers: How to deal with financial trouble on their own, including negotiating with creditors; Where to find professional help with debt problems; How to determine if bankruptcy is the best solution; How to file for bankruptcy; How to regain control of their lives and their finances -- forever. Filled with proven and effective strategies for finding a way out of the debt forest, this guide provides the dearest path from debt-induced insanity .to financial security.
If you’re working at getting out of credit card debt, it can feel like you’re putting in a lot of effort but not getting anywhere. However, every effort you make counts, and every dollar you put toward your debt is a small step in the right direction. There are also some things you can do to make the process of getting out of credit card debt go faster. If you’re in over your head and your best efforts don’t seem to be enough, try one of the strategies below to make your debt load a little lighter. Here Is A Preview Of What You'll Learn... • Bad Debt vs Good Debt • Cash Flow Is King • The Masses Won't Agree With You • Beware Of Your Friends And Family • Start Small • What Are You Passionate About • If It Was Easy Everyone Would Do It • Only One Way Of Making Money Is Ridiculous • Much, much more! Discover today how to get out of debt fast and build sustainable wealth for the rest of your life. Taking on debt has become the norm that many acquire everything they want with debt. Millions of people do not realize how bad their financial health can get until it starts affecting their family and loved ones. Being in this state can damage your relationships, damage your health and limit your chances of success.
