"Action is the foundational key to all success."Pablo Picasso
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Drowning in Debt? Tips and Tricks for Getting Out of Hot Water with Creditors
Do you, like millions of other Americans, feel like you're sinking in an ocean of credit card debt? Well, fear not--there are many options for reducing your debt way before you have to be concerned about receiving notices or daunting telephone calls from ...
How Businesses can Stop Wallowing in Bad Debt and Prevent it in the Future
Did you know that bad debt has reached alarming rates with US business owners and that most creditors don't know how to avoid or prevent it? "Become the Squeaky Wheel", a new book just published, explains that getting customers involves more than ...
Personal Debt Consolidation Loan - Things To Consider
There are a few things to consider before you make the decision to apply for a personal debt consolidation loan. You'll want to make sure that that is your best option for your financial situation. After reviewing your options, if you still find that a ...
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Just like a dentist can't give an estimate over the phone without X-rays of your teeth, or the knowledge of how many cavities you really have, a Debt Counselor cannot give you an accurate quote to eliminate your credit card debt without current statements for all your debt accounts."
Dear Debtor,
If you're looking for a solution to your debt problems and someone offers you a "quote" or "estimate" for a debt settlement program (especially), debt management plan, debt resolution program, etc., WITHOUT requiring ALL current statements (within 45 days) for EVERY debt account included in the quote, RUN THE OTHER WAY!!!
Seriously, hang up the phone, run out of the office, delete the email!
Why? Because it's the biggest red flag in the industry.
Here's some insider knowledge...
No one can wave a magic wand and make your debt disappear, but there are plenty of "bad guys" out there who would lead you to believe they can. These wolves in sheep's clothing...
MAKE SURE the Company you work with DOES THIS:
The company requires complete information from current statements BEFORE ever giving you a quote.
The Debt Consultant / Counselor / Specialist requires you to provide all current statements for your debt accounts before quoting you a monthly payment amount, length of program or estimate of how much you can reduce your debt.
Beware of anyone who gives you a quote without thoroughly researching your account statuses, creditor names, balance transfer, cash advance and large purchase activities, minimum payment amounts and interest rates FIRST. This is the surest sign of a company who is only out for your initial fees and either has no intention or ability to service your accounts after you sign up
About the author:
Jesse Niesen is the COO of STARTOVERTODAY.COM, a Nationwide Financial Solutions Company solving financial, debt and credit problems for clients nationwide. STARTOVERTODAY.COM has helped thousands of people resolve over $20,000,000 of unsecured debt since the summer of 2002 - without any complaints to the BBB. http://www.startovertoday.com/
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