Credit Card Debt Negotiation – New Laws Help Consumers Negotiate Their Debt

The current recession has caused so much financial crises that most of the consumers are knee deep in liabilities. The unemployment rate has gone up and so has the inflation. Under these conditions credit card debts are causing a lot of stress which has in turn increased the number of filed bankruptcy. The increased number of bankruptcy has affected the economy of the State very adversely hence many are taking help of debt relief programs to get financial stability.

Debt settlement programs are used widely as a relief alternative since it removes a certain percentage of the debt making it affordable for the consumers. The new settlement laws have been made more consumers friendly. The settlement program is legal and there are several settlement companies in the market who perform it on behalf of the debtor.

According to the new settlement laws if the consumer owes more than ten thousand dollars in debt then they can negotiate a debt settlement. A successful debt negotiation can get a debt reduction of about 40 % to 60 % of the total balance. In this way the creditors can get back some money from the borrower instead of nothing had the customer filed for bankruptcy. Also they can show this settled debt amount for tax benefit.

This helps the debtor to pay off his debts easily without adversely affecting the credit score. It does not mean that debt settlement will not have any negative impact on the consumer’s credit score, but the effect will be much less than that caused by bankruptcy.

Hence it is in the benefit of the debtor to use settlement as an option to get out of debt. A good settlement negotiation can reduce up to 60% of the debtor’s debt.

The Christmas Present

I always loved things with wheels. The greatest thrill for me was climbing into my wagon, giving a little push and off I went, down the longest hill in the world. I knew that any slight twitch on the handle would send me spinning on to the unforgiving concrete, ripping open my nine year old knees and elbows, but that made it just that much more exciting. After the wagon had self destructed, I went looking for an old skate to make into a skate board. It would be fifty years before you could buy a skateboard in a store, but I didn’t want to wait. The front half of the clamp-on skate I nailed to one end of a two foot piece of two by four and the back two wheels to the other end. It wasn’t necessary, but since I wanted a deluxe model, I attached a vertical piece on the front for steering. Roller bearings souped up with a squirt from Dad’s oil can allowed a pretty decent speed down the hills.

My year younger brother and I didn’t have a bike, but Christmas was coming and you never know. We had just moved to a small four room bungalow and there was little
money for presents. We both pored over our Christmas lists, allotting two dollars to each family member. Storing the much folded list in my pocket, my mother took us to the local five and ten cent store to pick out our gifts. I usually tried to give two gifts, one hand made by myself and one store bought. I never had much faith in the hand made gifts and even to me they looked worthless. I don’t know what my father did with all those ties, gloves, and belts, but we had a great time giving them. My parents always waited for us to be in bed on Christmas Eve before they set up the tree and placed the presents. One reason was that my father waited until Christmas Eve to buy the tree. It seldom cost more than two dollars and copious amounts of aluminum icicles filled most of the spaces. We were too awed and happy to wonder where everything so suddenly came from to ask any questions. We chalked everything up to Santa Claus.

After getting about three hours sleep, my parents called us into the living room. There in front of a ceiling high Christmas tree stood the biggest bike I had ever seen. Gleaming black fenders covered fat white wall tires. A wire basket hung on the handle bars and a spring carrier sat on the back. All the chrome sparkled like new and the leather seat looked impossibly high. I don’t know if it was foresight or just luck, but I didn’t mind at all that it was a girl’s bike. I never could have mounted a boy’s bike, especially a twenty

When Making a Business Presentation – Create a Happy Ending With the 3Hs

What is the outcome and takeaway message?

We are now ready to be more precise in describing what you want the audience to think, feel and do both during and at the end of your presentation. An effective happy ending is written down. It should be about 20-25 words and cover 3 main areas. The “3Hs” – head, heart and hands. In other words, what do you want your audience to think, feel and do by the time your presentation finishes?

This process works for any audience. Your “happy ending” can be written with this thinking process:

Think with your head”

What do you want your audience to think during and at the end of your presentation?

Feel with your heart”

What do you want your audience to feel during and at the end of your presentation?

Do with your hands”

What do you want your audience to do during and at the end of your presentation?


Let’s take a sales situation. You are presenting to a client. Your intention is to influence and your purpose is to gain an agreement-in-principle for your proposal.

“Think with your head”

I want my client to think we are competent, capable and ideally suited to help them.

I want my client to think we understand their business situation and we are committed to help them improve it.

I want my client to think we are easy to work with and have the resources to provide excellent service.

“Feel with your heart”

I want my client to feel confident in our capabilities.

I want my client to feel certain that the outcomes of the proposal will be delivered.

I want my client to feel comfortable in our communication styles.

I want my client to feel we are the best choice.

“Do with your hands”

I want my client to express confirmation that the project objectives are in line with their expectations.

I want my client to understand the proposal options and indicate a preference.

I want my client to select a start date for the project.

I want my client to map out the next steps we take following the meeting.

Now edit this into a sentence that defines your happy ending for your presentation. For example, in the above example:

At the end of my presentation, my client will…

…think we are competent, capable and ideally suited to help them, feel comfortable in our communication styles, and select a project start date (23 words).

Use the happy ending approach to write your 25 words for all your presentations. It will clarify your thinking and help you focus on what you wish the audience to think, feel and do at the conclusion of your talk.