Debt Elimination Success Seminar
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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
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Debt Negotiation |
Host: Tom Allen
Guest: Colemann R. Cassel II from Start Over Today
Segment 1
Tom: I’m Tom Allen, and I hate debt. I invite you to make the decision today to join with me in living a debt-free and prosperous life. It’s time for a new beginning. It’s time for you to get out of debt and create a debt-free and prosperous life, and you can start over today. Joining with me to help you is Coleman R. Cassell II, the CEO and financial strategist of StartOverToday.com and that’s exactly what you are about to do today: start over! Coleman, I know you have helped many, many people get out of debt and start over financially, some in very, very dynamic ways. But I’d like to start by finding out a little bit about you. Why did you become involved in helping people get out of debt?
Coleman: Hi Tom, thank you for having me on.
Tom: You bet!
Coleman: I got into debt about three years ago. I have an investment background, trading stocks.
Tom: Now when you say you got into debt, you mean you got into helping people get out of debt.
Coleman: Exactly. Sorry about that!
Tom: Okay, because I got into debt many, many years ago!
Coleman: Yeah, me too, in college. But I got into stocks and investing and Robert Kiyosaki—just a whole different lifestyle of financial intelligence and well-being, from a different point of view. And from there, I did pretty well trading stocks, like everybody else in ’99.
Tom: When it was easy.
Coleman: Exactly, when it was easy. We were all geniuses. But from there, I did pretty well, I quit a substantial job-I was an engineer for five years right out of college. And I started speaking to my friends about investing and came to find out that none of them were. When I asked why, they said, “Well, as soon as we pay off our credit cards, we will.”
Tom: Sure!
Coleman: So I said, “Jeez, how much are we talking about here?”
Tom: How hard could that be?
Coleman: Exactly. So I said, “How much are we talking here, like, realistic numbers?” I mean, I always had credit card debt to some degree, but not much, and I found out that most of my friends had about $20,000-plus in debt.
Tom: Wow. It’s not difficult to do, is it?
Coleman: No. And so looking around a bit, I saw that I had three, four, five spells in debt myself, but my friends weren’t an anomaly. I mean, all my friends didn’t just happen to have more debt than anyone else.
Tom: Sure, they have a lot of company.
Coleman: Exactly. And so my cousin Jessie Neeson, our chief operating officer here, had an opportunity with a company that was doing servicing of debt and actual settlements. So I sat down one night and came up with the name “StartOverToday.com”—
Tom: I like that.
Coleman: Thank you. And I wanted to come up with a totally different idea in that industry. What I wanted to do was offer a complete financial solutions company where people can come into a system, StartOverToday.com, and regardless of their needs, whether it’s to get out of debt, or whether they don’t have any debt and too much money, or whether they pay too much in taxes, or they need a mortgage, or whatever it is, that people can come to us and get involved via a financial strategist. They can talk to them and do a needs analysis, find out where they need to go, and find out the most effective way for them to become debt-free, obtain the home they want, refinance the home they have, whatever their needs are. We also offer financial coaching. We just want people to be able to come in and do a rapid change of their lives financially.
Tom: Excellent. So you really have a wide range of services you can offer them. When people call in and are in debt, in your experience, how bad is it? Is there any particular reason you can see that people get into debt? Is it just overspending, or they got laid off, or is it a combination of things?
Coleman: It’s a combination of things. We run the gamut here, we get them all. For the most part, though, what you see is lack of financial planning. Most people don’t have a financial plan.
Tom: But don’t they get adequate financial education while they’re in high school?
Coleman: Yeah, sure, Tom! (laughs)
Tom: Alright, I was being facetious.
Coleman: Right. Well, typically it’s the lack of a financial plan. Most people spend a lot of time planning for a two-week vacation but go through their whole lives without a financial plan. But that’s not always the case. We have clients who are excellent planners, but you can’t plan for catastrophic events. In our case, September 11 laid off quite a few people and put them in predicaments. And financial strains account for a very high percentage of all divorces in the United States, and we run into a lot of situations where one spouse left the other spouse high and dry, two kids and no money, hospital bills, death in the family—there are a lot of things we run into. But this is the greatest job in the world for me.
Tom: I agree with that! I always say that there is plenty of blame to go around if you want to point a finger at a credit card company that’s charging 28% interest or giving credit cards to college students who have no income—knowing that they have no income, that they are basically going to max out their credit card and take years to pay it off after they get out of college.
Coleman: Precisely.
Tom: But it is up to us, no matter what the reason we got into debt, for us to take the personal responsibility and decide—that’s why I love the name of your company so much—you have to decide to start over today, and of course StartOverToday.com would be a good place to do that. But you must take personal responsibility for yourself in order to be able to move forward no matter what the circumstances that got you into debt.
Coleman: Yeah, Tom we can’t say what the credit card companies are going to do—I’m not going to say that they don’t have some shady marketing techniques, in my opinion, some very unethical things that go on in terms of aggressive marketing, targeting certain people, interest rates; there’s a phrase called “universal slam”, where if you were late on one card, they’ll pull your credit report and then all of them will slam your interest rates accordingly. You know, you’re having a little bit of a hard time on one card, but you are trying to make all your ends meet, so all your 9% cards go to 24.9%--
Tom: Without any real warning.
Coleman: It’s a nice helping hand.
Tom: Yeah, at least one of the fingers…
Coleman: (laughs) Exactly. But our point here is that we can’t change the past—that’s what has happened. But we can take a proactive stance from today on, change drastic patterns. Typically, a lot of our clients, when they enroll in the program, are not allowed to use credit cards for 2-3 years. We actually prohibit the use of credit cards while you are in one of our programs.
Tom: Yeah, that would make sense.
Coleman: So we want to get people away from that, we want to free up cash flow, we want to empower people to get back on their feet, take all the negative things associated with your debt, and say, “You know what? You are now part of StartOverToday.com, you have a financial strategist, you can call anytime. All our people that work here are financial strategists.
Tom: Coleman, let me interrupt you here. In speaking of giving you a call, what’s the phone number to call StartOverToday.com?
Coleman: Our toll free number is 800-251-1991.
Tom: 251-1991. Okay, and of course you could go to StartOverToday.com on the Internet.
Coleman: Exactly.
Tom: Well, when we come back, I want to find out more about exactly how StartOverToday.com works, so I want everybody to stay tuned to Coleman R. Cassell II, the CEO and financial strategist for StartOverToday.com, and again, we’re going to be talking about taking personal responsibility and finding a way to start your life over today. For more information on getting, and of course staying, out of debt, visit IHateDebt.com. I’m Tom Allen, and I hate debt! We’ll be right back.
Debt Negotiation
Listen to the I Hate Debt Radio show interview withColemann R. Cassell II from Start Over Today Debt: How We Got In - How to Get Out
Start Over Today
CareOne Consumer Credit Counseling Services
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