Tag Archive for debt negotiations

DIY Debt Settlement

June 28, 2010 Credit Manager Credit Repair Articles & Resources

We are now offering two DIY debt settlement and coaching programs. Both are unparalleled in their field because both companies have been offering reputable debt settlement for many years and have stellar reputations within the debt settlement field.

Below are the two program choices we now offer for do it yourself debt settlement coaching.

  • ZipDebt
    IF you’re serious, it’s an affordable alternative to paying a pro!

If hiring a debt negotiator isn’t for you then consider a training program by an industry expert! You’re probably shocked at the huge fees charged by some settlement companies. Fees of $3,000, $5,000, even $10,000 or more are common (usually around 15% of your total debt, and sometimes a lot more). That’s money that should be going toward getting rid of your debt. But I know how tough it is to go it alone, especially with the fear, stress, and uncertainty of dealing with aggressive creditors and pushy debt collectors.

Now, you can get the EXPERT COACHING you need to achieve professional results WITHOUT the huge fees.

All new audio material!  Charles Phelan’s Do-It-Yourself Debt Negotiation Training & Coaching Program™

  • Hoffman, Brinker Roberts
    Mark Brinker offers a DIY Debt Settlement Coaching program for those who are looking to do it themselves. Hoffman Brinker DIY debt settlement program that gives you all the tools that the professionals use to get results!

Concise and comprehensive toolkit appropriately named Zero Balance: How To Settle Debts For Less Than Full Balance.

Zero Balance consists of 11 professionally produced online videos that lead you by the hand and explain in detail how to reach settlements with your creditors. Nothing is left to chance. The information in Zero Balance is not theory, it’s the actual stuff that gets results.

Zero Balance program information. Start to finish, it’ll take you about 7 hours to get through the course material. So, yes, it’ll take a little effort on your part, but if you’re serious about solving your current financial predicament, you can get through everything in a few evenings or a weekend.

Zero Balance actually takes you inside and teaches you the thought process as well as the specific strategies that Mark uses to get the consistently stellar results that he does. By stellar results, he means helping someone settle their debts for $0.50 on the dollar or less — which usually translates to thousands or tens of thousands of dollars of debt relief.

Learn more about Hoffman Brinker’s DIY Zero Balance Debt Settlement Coaching.

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Credit & Collection Letters

May 14, 2010 Credit Manager Credit Repair Articles & Resources

Credit Bureau and Collection Agency Letters for Credit Repair (over 40 letters)

A sample letter for every credit situation you encounter! Real letters for real consumers, not like some fluff you may see on websites that are paid by the credit industry. Credit Experts versed in collection agency and credit bureau practices produced these letters and they are powerful! It’s tough coming up with letters to credit bureaus, collectors or creditors, especially if you are dealing with such sensitive subjects as debt validation, settlements, inaccurate credit rating requests, medical debts, excessive inquiry requests, estoppel and restrictive endorsements.

How to write an offer in compromise, send a cease and desist, write an estoppel or using your right to validate a debt can all seem too complex. We’ve taken the work out of it by providing you with samples of how to deal with these credit entities. Each letter comes with an explanation on when and how to use the letters.

Below you will find letters for dealing with just about any credit situation. These sample letters are free when you purchase the Credit Repair & Debt Negotiations package. You may also purchase just the credit and collection letters standalone.

The epackage gives you all the tools you need to repair/rebuild your credit and deal with collectors and credit bureaus. Why pay a credit repair agency to write letters and repair your credit when you can do it for less? The credit repair ebook, sample letters and bonus items can be viewed instantly online and best of all- no shipping fees. Instant gratification!

Take a look at all the benefits you receive for a one time small fee!

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Debt Settlements under fire

August 4, 2009 Credit Manager Credit Repair Articles & Resources, FTC Updates

The Federal Trade Commission is cracking down on debt negotiation firms. The process of settling debts for less than owed is coming under scrutiny just like credit repair firms. With these negotiators popping up all over the place and saturating the Internet, its easy to see why there is need for federal regulations.

Many of these so called debt settlement companies are collecting fees up front from consumers while there is still no promise of a settlement. The consumer can still be harassed by the collection agencies or creditor and further damage their credit rating.

Using a reliable firm is an affective way to get the most out of your settlement dollars and credit rating. Before you agree to work with a debt settlement company, be sure to check out their record with the Better Business Bureau and do a Google search of them to uncover reputation facts.

You need to be proactive in the settlement process and not just trust your debts to a stranger. You can read more about the proposed debt settlement enforcements here.

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Original creditor settlement tips

February 19, 2009 Credit Manager Credit Repair Articles & Resources

If your account has yet to be turned over to a collection agency theres still time to make the best with the original creditor. Original creditors have their own in house collection efforts but usually after 4 months, the account will be turned over to a third party debt collector.

If you have issues with the account, its best not to hide and hope for the best. You can negotiate with the original creditor to avoid the account being turned over to a collection agency.

Communication is key. The OC is not going to go away. They aren’t simply going to wipe away your balance because you’re hiding. You need to call them and explain your situation.

During these difficult times with our economy, OC are bending more and more. Where they used to refuse specialized payment terms and negotiating credit ratings, they now realize it’s in their best interest to work with you.

OC response varies from creditor to creditor but the simplest way to know where you stand is to pick up the phone and get a hold of your account manager. Everyone is hurting right now, people have lost their jobs all across the country so this needs to be relayed to your creditor.

Explaining your situation will get the ball rolling on working together. The OC may agree to cease late fees and put you on a payment plan to  help you temporarily. They understand that you have the right to file for bankruptcy or go into a credit counseling program so they are willing to help the majority of the time.

By contacting the OC you may be able to stop the collection process. They may agree to freeze the account or even lower your interest to make the debt affordable. They want to be paid and they also want to hold onto the debt if possible. It costs money to give the debt to a collection agency.

If the debt is secured such as a mortgage or auto loan, the options may be more limited but banks are doing loan modifications right now on secured loans, so make the effort to see what can be done. If the debt is unsecured like credit card debt, the creditor knows they have  no collateral on the loan so they will be more flexible in working with you.

You may be able to set up a 12 to 24 month plan with them for reduced interest, no late fees and smaller payments in addition to avoiding the dreaded turn over to a collection agency.

The OC may also be more willing to freeze the reporting to the credit bueaus while your on a modified plan. Your credit rating is an important part of the negotiation process to keep in mind. Again, it cant hurt to ask.

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