The 7 Keys To Successful Debt Management and Settlement (Part One)
03/26/2009The Credit Crisis has everyone scrambling for cover. The drops in the Stock Markets, since 2006, are bombarding Americans of every race and class with (WMD) “Weapons of Massive Debt”.
So, what can you do? One thing is to follow Debt Warriors Updates on Twitter. Or just keep reading today’s post (which continues below).
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In Debt Warriors experience, there are 7 Key’s to Successful Debt Negotiation and Settlement. Today we’ll share the first one. Thanks for stopping by DebtWarriors.com 
1.) “Don’t panic. Control the pace”.
Set The Pace of the Negotiation (Time Management): If you’re a March Madness (College Basketball) Fan, you know that part of going to the Final Four is excellent “Clock Management”. For Non-Basketball Fans, it’s “Time Management”. The key is to stay in control, and set the pace of the negotiation as needed.
For example, say you’ve got an outstanding balance on an account that has been sent to collections?
- Get Yourself Out Of Debt 3 to 5 Times Faster: Call 866-576-4996
Now, for whatever reason, you’ve now got strangers calling your home, making attempts to collect the Debt.
Don’t panic. You have Rights that are protected!
- You may be offered a settlement on the amount (generally 75 to 85% off of the balance).
- Or you may have some rude jerk, harassing you demanding to know, “When you intend to pay”.
Both of these examples (above) are insults! The first one tries to get you to cooperate, and the second may violate, or be in violation of Consumer Laws. In any case, it’s important to remember that you have the right to disconnect the call
Make them put all communication in writing (until you decide otherwise).
Don’t allow yourself to be rushed into making a bad financial decision over the phone. First, control the pace and give yourself time to know what you’re talking about before you engage a Debt Collector.
Get Yourself Out Of Debt 3 to 5 Times Faster: Call 866-576-4996
