Debt Elimination Success Seminar
I Hate Debt Homepage Section 1 A Look at Debt History of Debt Credit Card History Current State of Debt How You Got Into Debt Good Debt Bad Debt Business vs. Personal Debt Section 2 Dealing With Your Money The Two Step Plan Doing The Two-Step Step One Step Two The Paths Out of Debt 1- Create a Debt Payment Plan 2- Neogtiate Better Rates & Terms a.Consolidation Loans b.Consumer Credit Counseling Services 3- Negotiate Lump-Sum Settlements 4- Bankruptcy 5- The Easy Way 6- Win $1,000,000 Living Debt-Free Manage Your Money Make More Money Save Money SameMoney-MoreFun Stay Debt-Free You as a Business Section 3 Dealing With Your Creditors Alerts/Scams The Credit Industry Credit Industry The Fine Print The Secondary Debt Market The Debt Collection Process Original Creditor The Charge-Off Collection Agency Legal Problems Dirty Creditor Tricks Dealing with Debt Collectors Dealing with Debt Collectors Statute of Limitations Cease and Desist Letter Section 4 The Credit Report The Credit Report Credit Score Credit Repair Section 5 Dealing With Yourself The Critical Factor The Art of Prosperity The End of Failure Prosperity Coaching Section 6 Kids and Money Kids and Money How to Pay for College Section 7 Debt Information Bookstore Debt Facts Radio Show Resources About Us Privacy Policy Site Map If you find this information helpful I ask you to contribute to help me help more people. You can contribute through PayPal by clicking on this button Or you can mail in your contribution.	The I Hate Debt Two-Step Step Two * Path Three - Negotiate Lump-Sum Settlements This is generally a path for folks who are in up to their chest. If you can't see how you'll ever pay off the whole bill, but you don't want to or can't go bankrupt, read the following very carefully. This is a very effective way to get rid of your debts, but it's a very serious step to take. Debt negotiation, also known as debt settlement, is a process that you could do on your own, but there are some reasons to consider having professional help. First, it's not a pleasant process and secondly, when you use a professional organization to negotiate for you, they not only have working relationships developed with the other side but they handle large numbers of accounts, in effect giving them volume discounts. They will also be on top of the industry trends and know if any creditors are in need of cash and are offering specials. As strange as it may sound, with the debt collection industry there will, on occasion, be sales, as in, "We normally settle for 45 cents on the dollar but for the next two weeks we'll accept 32 cents". I know it sounds weird, but it does happen. You won't know about it, but your negotiator probably will. How It Works Simply put, debt negotiation works because you quit paying your bills. Please let me explain. You will quit paying your bills to your creditors and start saving what you were paying to them. Your negotiation company will want you to have a special account set up just for this purpose. When enough money is saved up your negotiator will contact your creditor and settle the account. This process is pretty simple. But wait! There's a lot more you need to know before you go down this path. Why It Works This strategy works because after your creditors go unpaid for a substantial period of time they think you've skipped out on them. When the negotiator calls with a cash offer, they understand they won't have to go looking for you, and with the idea that something is better than nothing, they'll take the offer. Oh But It's Not Quite That Easy It may come as no surprise to you, but your creditors will not be at all happy when you stop paying your bills. You may become familiar with the sound of you collectors voice, stacks of mail, and terms like; collection agency, lawsuit, summons, judgment, wage garnishment, lien, attachment and more "fun" legal terms. I'm going to tell you this again, but pay attention this time, too. If you're going to drop out of the program when things get tough; don’t even start just move on to another path right now. For this plan to work you have to be determined; because it may take over three years and you can't give in to the easy way out. Here's what I mean. Simply telling your creditors that you plan not to pay them for two years while you regularly put money into an account with a company that will settle you account for pennies on the dollar isn't going to work. You have to tell them nothing! And they're going to be...not happy. As a matter of fact they're going to use every legal means that they have to collect the bill and collect it now. Unfortunately the measures taken against you may not end with the legal ones. I hope you're sitting down because on occasion bill collectors have been know to go beyond their legal rights to collect their money. The Debt Collection Process For your debt negotiation strategy to work, you're going to have to be very familiar with the debt collection process and have strategies in place when offensive tactics are used against you. Read through my Debt Collection Process section. It's best to be prepared in advance for creditor calls, late fees, over-the-limit charges, collection letters, collection agency phone calls (not pleasant), letters from lawyers, summonses, lawsuits and judgments. None of these will stop your negotiator from settling your bills when there's money available. Many or all of these things may happen to you when you're in a debt negotiation program. If you are going to want to drop out of the program when you get a nasty phone call from a collection agency, find a different path. Your Debt Negotiation Company Your debt negotiation company should help you with strategies that assist in dealing with collection issues. Allow them to help you, but it's going to be up to you to make the process work. Your debt negotiation company won't hang up the phone for you if you get a nasty call; you've got to do it yourself. They won't lend you money to pay your bills; you've got to be able to make regular payments into your settlement account. But if you work together as a team you will be successful. Start Over Today If you're looking for a debt settlement company one good company to consider is StartOverToday.com. That's because they have a wide range of debt-relief services and will even take a look at your back taxes to see if you've paid too much. This strategy worked for me. I got approximately $1,000 back from the IRS! It could work for you. And since, for clients of StartOverToday.com, there is no cost for trying, you may as well try. It could work for you too! But even more importantly StartOverToday.com will help put you on the path out of debt that makes the most sense for you. After consulting with them you will have confidence that your debt problem is being taken care of and that it's just a matter of time until you're living the debt-free and prosperous life. So get started today at StartOverToday.com CAUTION!!! There goes the credit report! If you choose debt negotiation please don't worry about your credit report. That's because there will be nothing left to worry about, it will be trashed. Now, if you're ready to live a debt-free and prosperous life you may not be worried about this at all. If you want to get your credit report repaired read through our Credit Report section. One of the worst mistakes you can make! You're going to have to pay an administrative fee to get into a negotiation program. You're going to get nasty calls from your creditors. So if you don't have what it takes to make it through this process don't start! You won't get your fees back and your bills will have gone unpaid and quitting won't help the situation. You'll simply be in a much worse position than when you started, and you weren't in that good of a position when you did start. Do-it-Yourself Debt Negotiations I used to be somewhat reluctant to recommend the do-it-yourself approach to debt negotiation, mainly because there were no good coaching programs or training courses available for consumers to learn how to successfully negotiate creditor settlements. As with any profession, there are skills involved, as well as knowledge, training, and some inside information on the "tricks of the trade." Fortunately, now there is an excellent solution for the hands-on person who wants to tackle the job themselves and save big money off their debts. For the do-it-yourself approach, I highly recommend Charles Phelan's Debt Elimination Success Seminar. Written by a former executive from one of the nation's largest debt settlement companies, this comprehensive seminar includes 5 audio CDs, forms & letters on CD-ROM, a Workbook, and several free bonuses, including a free personal telephone consultation with the author. The course covers everything you need to know to settle your own debts. In addition - and this is what really sets this seminar product apart from the competition - the course comes with 12 months of unlimited personal coaching via email. By following the materials in this course and taking advantage of the great follow-up support and coaching, you could potentially save 50-100 times the cost of the seminar. If you're leaning toward the do-it-yourself approach to debt settlement, then it only makes sense to educate yourself and get some help. With the Debt Elimination Success Seminar, you'll save a ton of money on negotiation and administrative fees, yet you'll still have help and advice along the way. Debt Negotiation Can Be A Very Effective Path. Make Sure You Understand It Before You Go Down It. The Ultimate Solution No matter which path you take the ultimate solution to debt is found by taking control of your life, and your money. Just figuring out where the money goes isn't enough. You must have internal control over your emotions, thoughts, and actions. By doing this you will gain the ultimate control that will allow you to build the life of your dreams. The ultimate solution to debt lies in creating and living a debt-free and prosperous life. I invite you to start you inner journey to wealth by reading The Art of Prosperity. The Next Path The next path in the I Hate Debt Two-Step is Path Four.	Debt NegotiationDebt Settlement The History of Debt Negotiation Debt Elimination Success Seminar Attention! Debt Negotiation doesn't work if you're looking for an easy way to get out of paying your bills. This is not about running up your charge cards and skipping out on your bills. Debt negotiation only works if you've had some kind of legitimate financial hardship. Your creditors will most likely run an asset check and if they find that you have $100,000 in mutual funds and you're claiming you can't pay your $10,000 credit card bill they won't settle for anything less than the full amount. It's my belief that if you can pay your creditors you should. If you need some temporary help you should try a consolidation company. Bankruptcy protection is available for those who really need it and...if you've had a financial hardship, you can pay some but not all of your bills, your willing to stop creating debt and learn to live a debt-free prosperous life...then debt negotiation is the path for you. But only if you've got what it takes to make it all the way through. A Word of Caution! There are a number of websites and emails that tout a program where you don't have to pay your bills at all. No, it doesn't work. Here's a detailed article about Credit Card Debt Termination Scams. Debt Elimination Success Seminar

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