Tag Archives: debt settlement
Tips for Negotiating with Creditors
I’ve helped hundreds of clients negotiate. I’ve negotiated residential and commercial real estate contracts, residential and commercial leases, Mediations, credit card debt, medical debt, student loan debt, secured debt, unsecured debt, deficiency obligations, pretty much every type of debt. I’ve negotiated court settlements and other agreements that involved something other than money. Over the… Read More »
Bluffing your Creditors? Debt Settlement Ain’t Poker
In poker, people sometimes bluff when they have a bad hand, hoping the other players can’t read the truth and will surrender the chips they’ve already played although they have the better hand. In settling debt, bluffing rarely works because most of the time the borrower lacks leverage, and bluffing can seriously backfire on… Read More »
Credit Unions, Cars, and Cross-Collateralization
This week, we have another question from a listener of The Crushing Debt Podcast. Rather than repeat the question (it’s a bit long) we’ll summarize it. The borrower financed his car through a credit union and also has a credit card through the same credit union. The car loan was paid off but there… Read More »
Five Factors That Make Up Credit Score
When clients come to see us about foreclosure, loan modification, short sale, bankruptcy or debt settlement, one concern is the impact of all of these things on their credit score. While we understand that concern, it is often overshadowed by our goal of reducing debt, because credit can be rebuilt. We first need to… Read More »
Debt Settlement And Asset Protection
We have helped many clients settle their debts when bankruptcy is a bad option or when bankruptcy is simply an opt4ion the borrower discounts for any reason. Unfortunately, we have also been unsuccessful in settling debt for clients. The number one reason our debt settlement negotiations have been unsuccessful is a lack of cooperation… Read More »
