Professional Debt Negotiation - Your Edge

Having a third-party professional on your team makes all the difference in the world. It's a simple approach that puts power back in your hands. Once the banks realize that they are talking to a professional - someone who knows the rules and regulations - they quickly change their tune.

A negotiator will obtain better results than you could ever obtain on your own, simply because all of the bank's tactics are stymied by the fact that they can't talk directly to you.

In effect, they can't apply psychological pressure to you, as this is filtered out by your representative.

Besides, there's no shame in seeking help. Look at it this way: the banks pull out all the big guns when you fall behind. They have an army of collectors ready to pressure you with carefully scripted techniques. They have collection agencies and attorneys waiting in the wings to go after you.

Doesn't it make sense to level the playing field? Doesn't it make sense to concentrate on improving your finances and let someone else deal with the aggravation of the incessant phone calls that start flooding in once you get behind?

When you become a client of a professional debt negotiator, he or she will impose two simple rules for you to follow:

Rule No. 1: Do not, under any circumstances, speak to your creditors.

Rule No. 2: Do not send your creditors any money.

Do you think you can handle those rules? Some clients find it difficult because they seem so unorthodox at first. They are so accustomed to sending out minimum payments every month, even though it's financially killing them, that they can't handle Rule No. 2.

Here's exactly why these rules are so important:

Rule No. 1 is absolutely crucial because only one person can negotiate your debts for you. If you only allow the negotiator to handle some of the phone calls while you make other calls yourself, the odds are high that you will say something that is not in your best interest and thus undermine your negotiator.

As in police shows on TV, where they always read a suspect his or her rights while being arrested, the debt collection industry has one important rule.

That is, a debt collector is supposed to tell you the following: "This is an attempt to collect a debt. Any information you give us will be used for that purpose."

Your professional debt negotiator knows exactly what information to disclose, when to disclose it, and when to withhold information.

The average person, on the other hand, has no idea of what to say in this particular situation. We tend to respect authority. Collectors have a lot of nerve and present themselves authoritatively. They ask you where you work, how much you make, how much you pay in rent every month, and so on.

The answers, quite frankly, are none of their business.

But most people feel compelled to answer, in a misguided attempt to establish rapport with the collector. So, the first rule is to SAY NOTHING, and let your negotiator do the talking.

Rule No. 2 is even more basic. Don't send good money chasing after bad. If you've been making endless minimum payments and not getting anywhere in the process, it's time to STOP. Why waste more money?

DISCLAIMER: It's important that you understand us plainly here. We are not advocating that everybody suddenly quit paying their bills bills. If you have sufficient income to reduce your debt load the ordinary way (by reducing the balances with payments in excess of the minimums), an ethical debt negotiator will not take your case anyway.

In essence, the negotiation process works best only in the event of LEGITIMATE FINANCIAL HARDSHIP.

So Rule No. 2 applies to the person who is suffering a legitimate hardship, one who will experience serious difficulties, such as home eviction or car repossession, if they continue trying to keep up with their endless credit card payments.

We are the first to admit that the debt negotiation strategy is not for everybody.

But for those who qualify, it's a no-nonsense financial recovery program that makes good sense.

See if Debt Negotiation Will Work For You.

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