Consumers have multiple Debt Elimination Options and one of the quickest and easiest option is Debt Negotiation. I want to give you a little bit of background of what debt negotiation is, how it works and who it can help.
What is Debt Negotiation?
Debt Negotiation is a process of negotiating a reduced pay-off also known as a settlement of one's DELINQUENT DEBT. A consumer can usually save between 30-80% OFF their delinquent debt, if they know how to properly negotiate their debts, because believe me there is a right way and there is a wrong way. I'm not going to go into great detail about this, but if you are interested in learning how to "Successfully Negotiate Your Debts" then go to our website at www.nationaldc.com.
As you may have noticed I put emphasis on the fact that your debts must be delinquent when attempting to negotiate your debts. The reason for this, is that most credit card companies are not going to agree to debt settlement if you are making your monthly payments, why would they?
Your debts will need to be at least 90 Days delinquent before most creditors will even discuss the possibility of a settlement. It seems the more delinquent your debt is, the greater the savings you can negotiate off your debts.
Don't get me wrong, I'm not saying purposely go delinquent on your debts to force your creditors into agreeing to a settlement on your debt, but if you are in a situation where you can't afford to keep up with your payments; then you may consider this being a future option when your debts become delinquent.
Debt Negotiation is the #1 Bankruptcy Alternative for many individuals and should definitely be considered as a powerful alternative to filing a bankruptcy, but everyone's situation is different so you should always explore your options.
Debt Negotiation Can Save You Thousands:
One of the great things about negotiating your delinquent debts, is that you may be able to take care of your debts for pennies on the dollars. Imagine this scenario, you have $40,000 in credit card debt and you are able to successfully negotiate this debt down to $15,000 with a little bit of effort and time. Meaning you would have SAVED around $25,000 OFF Your Debts.........Do you think this is worth your time to learn how to successfully negotiate your own debts? I would hope so.................remember you can request information about our Exclusive Do-It-Yourself Program by emailing me at jason@nationaldc.com
Debt negotiation helps you take care of more of your debts for less. Consumers that have access to a large sum of money to negotiate with, may be able to become debt free in a matter of months as opposed to years.
Debt Negotiation Can Work for Anyone:
Debt negotiation will work for anyone regardless if you have access to a large sum of money for purposes of settling your debts or whether you are able to set money aside each and every month. If you have some type of income coming in, debt negotiation should work for you.
Credit Concerns:
When considering the option of debt negotiation, one should consider the fact that anytime they become delinquent on a debt, it may have a negative impact on your credit. If credit is a concern of yours then you may want to find a way to bring your accounts current and maintain your monthly payment with your creditors.
One question I ask my clients is "Are you concerned about your Credit or Becoming Debt Free?" Only you can answer this question for yourself, but remember when attempting to negotiate your debts, in many cases your debts will have to be at least 90 Days Delinquent before a creditor would even consider discussing a settlement.
Right Way & Wrong Way:
As mentioned previously there is a right way and there is a wrong way to go about attempting to negotiate your debts. Many times individuals will jump online and get tid bits of information and think they know how to negotiate their debts and then once they contact their creditors or collection agency, they end up saying or doing the wrong thing and lose all negotiation leverage.
Dealing with bill collectors and attempting to negotiate a settlement on your debts isn't hard once you know "What to Say" and "What Not to Say" to your creditors or bill collectors to maximize your Savings Results. Saying the wrong thing could cost you thousands of dollars in potential savings, so don't you think it would make sense to learn the proper techniques and strategies before attempting to negotiate your own debts.
Who better to learn from then an individual or company that does this everyday. :) If you are interested in learning how to successfully negotiate your own debts, keep reading my blog or contact me directly at jason@nationaldc.com.
Disclaimer: This information is for educational purposes only and results will vary. This information should not be considered legal advice. If you feel you need legal advice you should consult a reputable attorney in your area.
Sincerely,
Jason Oswald
Debt Elimination Guru
www.nationaldc.com
www.debtnegotiationbusiness.com
Tuesday, January 22, 2008
Saturday, January 19, 2008
Don't Be Afraid of Bill Collectors!
“DON’T BE AFRAID OF BILL COLLECTORS” All to often in my line of work I receive calls from worried consumers who are afraid of harassing bill collectors that are trying to manipulate them or scare them into paying their debts. That's all it is, plain and simple, these collectors are trying to coerce you into paying your debt and they will say or do whatever it takes to get you to pay, yes, even if it stems on the verge of being illegal.
I am here to tell you DON'T BE AFRAID of your creditors or bill collectors and definitely don't be afraid to talk to them. They have a job to do and they are only trying to collect as much money as possible from you as quickly as possible and if you tak my advice and read my blogs you will find some great information to deal with them on your own terms.
Bill collectors can’t reach through the phone and into your wallet and they can’t squeeze blood out of a turnip, they may threaten different action against you and they may be ruthless in their efforts, but this is no reason to cause concern or alarm, because you have legal rights under the Fair Debt Collection Practice act, check out my previous blogs to help protect you from having bill collectors say something that may be illegal.
All a collector has are their cut-throat collection tactics to either try to work with you, or try to scare you into paying your bill.
They aren’t men in black suits that will come and take you away.
They are not the local mob that will break your arm if you don’t pay.
All they have is psychological warfare to try to coerce you into paying your bill.
They can’t climb through the phone and reach into your wallet, or twist your arm to write them a check.
They may be an hourly paid employee sitting behind a desk to try to intimidate or scare you that your account will be sent out for collections Or they may be a commissioned collector that is trying to scare you into paying a debt so they can earn more commissions.
Sure there are certain things that could occur if you continue to ditch and dodge bill collectors, and the worse that could happen is that you are sued and a judgment is entered against you. Once a judgment is entered against you, they may be able to garnish your wages, take out a lien against personal property or levy your checking account............this my friends is the worse case scenario, and is highly unlikely to occur if you are taking a pro-active approach in attempting to deal with bill collectors and your creditors.
In many cases with a bill collector threatens these types of actions against you, they are lying to you and you should call them out to test whether or not what they say is true. Ask them the following questions if they mention any of the above:
Has your client authorized you to sue me?
Who is the attorney that will be representing your client?
When will you be sending a court summons or a discovery questionaire?
Are you threatening to sue me, if so, is this your last call to advise me of my rights?
There are multiple questions you can ask, but ask one or two questions to put the bill collector on the spot and let them know you are educated. People this works, it helps keep bill collectors in check.............once again, don't be afraid of bill collectors, mostly what they have to say is idle threats..........a creditor doesn't always want to take legal action against a consumer and they would rather have a collection agency try to collect on a debt for a months even years, before pursuing that course of action, but it is a possibility.
Even if a judgment is entered against you, you can always negotiate a reduced pay-off (settlement) of your debt......and maybe save thousands through debt negotiation.
Check out our website for more information on debt elimination at www.nationaldc.com
Sincerely,
Jason Oswald
National Debt Consultants, Inc.
www.nationaldc.com
www.debtnegotiationbusiness.com
www.eliminationsecrets.com
I am here to tell you DON'T BE AFRAID of your creditors or bill collectors and definitely don't be afraid to talk to them. They have a job to do and they are only trying to collect as much money as possible from you as quickly as possible and if you tak my advice and read my blogs you will find some great information to deal with them on your own terms.
Bill collectors can’t reach through the phone and into your wallet and they can’t squeeze blood out of a turnip, they may threaten different action against you and they may be ruthless in their efforts, but this is no reason to cause concern or alarm, because you have legal rights under the Fair Debt Collection Practice act, check out my previous blogs to help protect you from having bill collectors say something that may be illegal.
All a collector has are their cut-throat collection tactics to either try to work with you, or try to scare you into paying your bill.
They aren’t men in black suits that will come and take you away.
They are not the local mob that will break your arm if you don’t pay.
All they have is psychological warfare to try to coerce you into paying your bill.
They can’t climb through the phone and reach into your wallet, or twist your arm to write them a check.
They may be an hourly paid employee sitting behind a desk to try to intimidate or scare you that your account will be sent out for collections Or they may be a commissioned collector that is trying to scare you into paying a debt so they can earn more commissions.
Sure there are certain things that could occur if you continue to ditch and dodge bill collectors, and the worse that could happen is that you are sued and a judgment is entered against you. Once a judgment is entered against you, they may be able to garnish your wages, take out a lien against personal property or levy your checking account............this my friends is the worse case scenario, and is highly unlikely to occur if you are taking a pro-active approach in attempting to deal with bill collectors and your creditors.
In many cases with a bill collector threatens these types of actions against you, they are lying to you and you should call them out to test whether or not what they say is true. Ask them the following questions if they mention any of the above:
Has your client authorized you to sue me?
Who is the attorney that will be representing your client?
When will you be sending a court summons or a discovery questionaire?
Are you threatening to sue me, if so, is this your last call to advise me of my rights?
There are multiple questions you can ask, but ask one or two questions to put the bill collector on the spot and let them know you are educated. People this works, it helps keep bill collectors in check.............once again, don't be afraid of bill collectors, mostly what they have to say is idle threats..........a creditor doesn't always want to take legal action against a consumer and they would rather have a collection agency try to collect on a debt for a months even years, before pursuing that course of action, but it is a possibility.
Even if a judgment is entered against you, you can always negotiate a reduced pay-off (settlement) of your debt......and maybe save thousands through debt negotiation.
Check out our website for more information on debt elimination at www.nationaldc.com
Sincerely,
Jason Oswald
National Debt Consultants, Inc.
www.nationaldc.com
www.debtnegotiationbusiness.com
www.eliminationsecrets.com
Friday, January 18, 2008
How to STOP Collector Harassment: Part 2
How to STOP Collector Harassment - Part 2:
In my last blog posting, I discussed how you can Reduce or Eliminate Collection Calls by advising a bill collector to "Cease & Desist" collection calls. In this blog posting, I am going to give you another Powerful Tip in dealing with bill collectors on your own terms to help protect your rights under the FDCPA (Fair Debt Collection Practice Act).
Well here it is, short-sweet-and simple. When you receive a call from a debt collector advise them of the following: "Please be advise that I may record this call or any future calls I receive from your collection agency!"
You may want to say this word for word to the bill collector that is calling you. This is a sure fire way to keep debt collectors in check so they aren't saying something that may be illegal or against your rights.
Now you don't necessarily have to record the call, you only simply have to make this "POWERFUL" statement and the collector is going to be on guard, in fact you may even discover that the bill collector hangs up you.
If they try to argue with you about you being able to record their conversation, simply restate the above line again, and because you are putting them on notice, you have the right to record any call as long as you notify the other party that you intend to record the call. In some states you don't even have to notify the other party, but that will vary from state to state and something that I just don't have time to cover.
If you want to record calls you should check with your local electronic store to see what sort of inexpensive devices they have for you to record telephone calls. There are also great programs that will run through your computer, simply enter into google the following: "Telephone Recording Software" and you are bound to find some great programs.
Don't let bill collectors try to scare you or manipulate you into believing that you don't have rights, because you do..........bill collectors are sometimes predators and are looking to prey upon consumers that don't know their rights. So do yourself a favor and keep reading my blogs or share this information with your friends, family members and business associates.
Sincerely,
Jason Oswald
www.nationaldc.com
In my last blog posting, I discussed how you can Reduce or Eliminate Collection Calls by advising a bill collector to "Cease & Desist" collection calls. In this blog posting, I am going to give you another Powerful Tip in dealing with bill collectors on your own terms to help protect your rights under the FDCPA (Fair Debt Collection Practice Act).
Well here it is, short-sweet-and simple. When you receive a call from a debt collector advise them of the following: "Please be advise that I may record this call or any future calls I receive from your collection agency!"
You may want to say this word for word to the bill collector that is calling you. This is a sure fire way to keep debt collectors in check so they aren't saying something that may be illegal or against your rights.
Now you don't necessarily have to record the call, you only simply have to make this "POWERFUL" statement and the collector is going to be on guard, in fact you may even discover that the bill collector hangs up you.
If they try to argue with you about you being able to record their conversation, simply restate the above line again, and because you are putting them on notice, you have the right to record any call as long as you notify the other party that you intend to record the call. In some states you don't even have to notify the other party, but that will vary from state to state and something that I just don't have time to cover.
If you want to record calls you should check with your local electronic store to see what sort of inexpensive devices they have for you to record telephone calls. There are also great programs that will run through your computer, simply enter into google the following: "Telephone Recording Software" and you are bound to find some great programs.
Don't let bill collectors try to scare you or manipulate you into believing that you don't have rights, because you do..........bill collectors are sometimes predators and are looking to prey upon consumers that don't know their rights. So do yourself a favor and keep reading my blogs or share this information with your friends, family members and business associates.
Sincerely,
Jason Oswald
www.nationaldc.com
Wednesday, January 16, 2008
How to STOP Collection Calls!
How to STOP Collection Calls, is one of the easiest things a consumer can do. There are a few different ways to go about stopping collection calls that all evolve around, what is called a "Cease & Desist" notice. A "Cease & Desist" is simply a verbal or writtent statement that you want any/all calls and/or communication to STOP........you are telling someone (preferably harassing bill collectors) that you want them to Cease calling you.
There are going to be different situations in dealing with debt collectors where you only have to advise them that you want them to "Cease & Desist". These situations are as follows:
Place of Employment (work):
If you tell a bill collector that you cannot receive calls at work because it is an inconvenience for you or your company or boss does not allow it, then a verbal "Cease & Desist" is enough under the FDCPA (Fair Debt Collections Practice Act) - Just to be on the safe side, I would recommend you fax over a "Cease & Desist" letter.
You should also ask the collector to remove your work number from their system and advise them that if you receive another call at work, you will consider it a violation of your rights under the FDCPA and may pursue legal action against them.
Cell Phone:
A collection agency cannot make a consumer incur any type of expense while they are trying to collect a debt from the consumer. In most cases consumers pay for minutes or a monthly plan on their cell phones. With this in mind, if a bill collector is calling you on your cell phone, they are making you incur an unecessary expense, so as I mentioned above, a verbal "Cease & Desist" should suffice. Simply advise the collector that they are calling your cell phone and that it is costing you money and that you want them to "Cease & Desist" from calling your cell phone.
Keep in mind most bill collectors will try to get other numbers from you if they take out a work or cell phone number, if you want to give them a new number -then that is your choice.
What I would recommend is that you request that they put everything in writing, rather then provide them with a phone number they may not have.
As mentioned before, the examples I just conveyed is where a "Verbal Cease & Desist" is only necessary, now if you want to STOP the collection calls at home, you will have to send that request in writing. Meaning that you send a letter to the collection agency or creditor requesting them to "Cease & Desist" Telephone communication with you.
I would recommend that you send such a letter via certified mail, that way you have proof that you sent it.
Tip: If you are requesting your creditors or bill collectors to "Cease & Desist", you will want to make sure you ONLY request them to "Cease & Desist" telephone communication. You do not want to shut down all lines of communication your creditors or collectors may have, such as snail mail. This has ended a lot of consumers in a position where they are sued, because the creditor or collection agency was "Ceased & Desist" from all communication..................so once again, only request the cease & desist on telephone communication..................this should STOP the harassing Collection Calls.
There may be more information not conveyed here, but this should give you a general idea of what you need to do, to Stop the Calls!
If you would like a "Powerful Cease & Desist" Letter, contact me via this posting.
Sincerely,
Jason Oswald
Debt Elimination Guru
www.nationaldc.com
There are going to be different situations in dealing with debt collectors where you only have to advise them that you want them to "Cease & Desist". These situations are as follows:
Place of Employment (work):
If you tell a bill collector that you cannot receive calls at work because it is an inconvenience for you or your company or boss does not allow it, then a verbal "Cease & Desist" is enough under the FDCPA (Fair Debt Collections Practice Act) - Just to be on the safe side, I would recommend you fax over a "Cease & Desist" letter.
You should also ask the collector to remove your work number from their system and advise them that if you receive another call at work, you will consider it a violation of your rights under the FDCPA and may pursue legal action against them.
Cell Phone:
A collection agency cannot make a consumer incur any type of expense while they are trying to collect a debt from the consumer. In most cases consumers pay for minutes or a monthly plan on their cell phones. With this in mind, if a bill collector is calling you on your cell phone, they are making you incur an unecessary expense, so as I mentioned above, a verbal "Cease & Desist" should suffice. Simply advise the collector that they are calling your cell phone and that it is costing you money and that you want them to "Cease & Desist" from calling your cell phone.
Keep in mind most bill collectors will try to get other numbers from you if they take out a work or cell phone number, if you want to give them a new number -then that is your choice.
What I would recommend is that you request that they put everything in writing, rather then provide them with a phone number they may not have.
As mentioned before, the examples I just conveyed is where a "Verbal Cease & Desist" is only necessary, now if you want to STOP the collection calls at home, you will have to send that request in writing. Meaning that you send a letter to the collection agency or creditor requesting them to "Cease & Desist" Telephone communication with you.
I would recommend that you send such a letter via certified mail, that way you have proof that you sent it.
Tip: If you are requesting your creditors or bill collectors to "Cease & Desist", you will want to make sure you ONLY request them to "Cease & Desist" telephone communication. You do not want to shut down all lines of communication your creditors or collectors may have, such as snail mail. This has ended a lot of consumers in a position where they are sued, because the creditor or collection agency was "Ceased & Desist" from all communication..................so once again, only request the cease & desist on telephone communication..................this should STOP the harassing Collection Calls.
There may be more information not conveyed here, but this should give you a general idea of what you need to do, to Stop the Calls!
If you would like a "Powerful Cease & Desist" Letter, contact me via this posting.
Sincerely,
Jason Oswald
Debt Elimination Guru
www.nationaldc.com
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