Ever wonder what makes a debt collector good at getting people to pay debts? In the below video, I interview Jared Strauss, a former debt collector. In the video below, he talks about his methods for collecting debt that made him such a success. What he has to share will likely surprise many viewers. What […]
debt settlement
Stress about overwhelming debt, or fear?
I generally begin any debt relief consultation I do with people who reach out to my company in search of help with credit card debt with this question: “What has you reaching out to a perfect stranger? What is going on with you financially”? Then, I shut up and listen. I am sometimes the first person […]
What kind of debt relief can you afford?
Is your current monthly cash flow either now, or in the near future, not enough to meet your monthly debt obligations while allowing for a set amount of savings taken from income each month? If not, you are currently, or soon could be, in a financial bind. What can you do about it? What is […]
Credit Card Debts and Charge Off – What it Means to You
The term charge off describes an accounting function followed by your lenders. When speaking of revolving consumer credit card accounts, a charge off occurs when the credit issuer either chooses to, or must, recognize an unpaid loan balance as a loss. Losses are bad news for lenders. The bad news gets reported and can affect […]
Which Credit Card You Should Settle First
Credit card debt settlement is not complicated. But there are several factors to consider when determining the order and priority of different debts to be settled. The main ingredient to your success in debt negotiation is; money. How much you can bring to the table, and over what period of time, in order to fund […]
How to Get a Refund from a Debt Settlement Company
The following is posted with permission from the author. It is word for word what can be found on Steve Rhode’s site: Getoutofdebt.org. This post is timely for consumers who enrolled in a program to negotiate debt with a debt settlement company – only to later learn the program did not live up to the […]
A Shining Example: Oak View Law Group
Over the years of providing debt relief related products and services, I have been hyper critical of companies operating in my industry. My criticism can be found in public commentary with regulatory agencies, main stream media articles, radio appearances, and on this very blog. Why the criticism? I find most companies offering debt relief, most […]
Dealing with Capital One in Collections
My experience working with financially-challenged consumers and their creditors nationwide since the economic downturn reflects that virtually every national issuer of credit cards, even larger regional credit unions, have gone as far as they can to assist their struggling account holders. Capital One is an exception to this. How Capital One goes about settling a […]
Debt Settlement and Negotiations – Past, Present, Future
After 10/27/10, virtually all of the companies offering to settle debt for a fee will have to charge those fees based on a contingency. In other words, you pay for the service contingent upon who you hire having successfully negotiated a reduced pay off amount with your creditors that you then accept and fund. Makes […]
Beware the Debt Consultant Who Sells Debt Settlement to the Masses
I have continuously written articles and spoken out in interviews about the practice of “selling” debt settlement. Selling someone into debt settlement is the number one reason the industry has been tarred and feathered in the media. The over hyped selling by profiteers and sales groups has resulted in enforcement actions by many states, and […]