The actual process I used to negotiate debt and save thousands plus how to plan your own debt negotiation strategy without a debt settlement company. https://www.youtube.com/watch?v=AGUZ5paqvCQ&index=8&list=PLjsZ3KrTlZozfKrkG8uKVUa_yoC6xUVvn
The average American owes $16K in credit card debt and a full year’s income in total debt. That’s too much and sometimes you just can’t pay it off. That’s when it’s time to start negotiating debt with creditors, agreeing to pay some of the money if they wipe out the rest.
This isn’t an easy way out of debt and shouldn’t be used as an excuse to run up thousands in credit card debt. It’s a powerful process and must be used responsibly. For those in true financial trouble, it can be a way out and a way forward.
I start by sharing my debt negotiation story, how I used this process to save over $6,500 in credit card debt and personal loans. I also reveal the two biggest traps in debt negotiation, filing bankruptcy and debt settlement companies, and how you can avoid them.
This is a four-step debt negotiation process that will guide you step-by-step into dealing with collection agencies and bill collectors. I’ll help you plan your negotiating strategy and reveal the secrets to getting as much of your debt wiped out as possible.
– My debt negotiation story
– A warning about bankruptcy and debt settlement companies
– Four-step debt negotiation process
– Planning your debt negotiation strategy
– Dealing with a debt collection agency
– Two negotiating strategies that WORK
Don’t forget to click through to the debt payoff playlist above and follow the entire series. I may eventually turn this series into a paid course but you can watch it all free right now. I start out by revealing the debt payoff strategies that will work with any budget, even on low income, and finish by showing you how to get a perfect credit score.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#creditreport #creditscore #debt
Before you negotiate debt on your credit report, you might want to try disputing it if there is an error or the debt shouldn't be on your report. Check out this video for a template credit report dispute letter you can use. https://youtu.be/AGUZ5paqvCQ
If you can file for chapter 7, then that's literally easiest way to get out of debt. Don't worry about getting credit again. It comes fast
Retired give Helps nonprofit law firm a look on YouTube and blow up all credit card debt for good. Your retirement income is projected ????
Great video????
NEVER Trudy a bald guy with a bow tie
This video is great! I was able to cut 50% from 20k when the original offer was a 20% cut. my original lender kept my debt after a year
Can you link videos in order regarding this
Where you a Marine?
I opened a bunch of credit cards when my credit was good and I've been making minimum payments for 6 years now, never missing a payment. I want to negotiate with the credit card companies, and have them take 30 cents on the dollar, and close my accounts without any bad mark on my credit history. I watched your videos, but is there anything you can suggest for my specific situation?
Woo! Thank you for making this very informative video!
I dont need cash and any negotiate connect never saved,much better to do how quickly to do the world bankruptcy nice one
Never saved and dont make any solution,katulad ng ginawa niyo sa katayuan ko gagawa rin ako ng paraan sa lahat ng taliwas na ikalalago ninyo easy way diba 1 vs 1 million kayang kaya lumaban
the US government could use your help
????
I disagree about bankruptcy. If you qualify for chapter 7 you can have a 700 credit score in less than 2 years
I have credit card debts before I live in Illinois and now move to Indiana. Is this consider that my debt are wipe off? It’s been 3 years already ????
What soundstreamhub is doing about debt off should be known to all. I can't thank him enough.
What soundstreamhub is doing about debt off should be known to all. I can't thank him enough….
Great work form Sounstreamhub – so glad you are out there fighting these lowlifes. We need to do all we can to spare the elderly and the general public from these despicable collectors! Kudos to YOU!! You deserve the Nobel prize for keeping us CC debt free big up brother..
Great work form Sounstreamhub – so glad you are out there fighting these lowlifes. We need to do all we can to spare the elderly and the general public from these despicable collectors! Kudos to YOU!! You deserve the Nobel prize for keeping us CC debt free big up brother..
THANK YOU GUYS SO SO VERY MUCH!!! There’s no way we’ll ever be able to show you guys how appreciative we are of how hard you guys worked to get us here CC debt free!! Thanks to soundstreamhub for ‘round the clock hard work!!