Teach me Credit Consolidation Business How to ?
Posted by Financial Advisor | Filed under Debt, Loans & Mortgages
hello if you are in the business of consolidating other people's debt or collection, for instance they owe a $5000 collection can you please explain to me how it is that you negotiate the debt down for $2000 for example.
I want to help others with this as a free alternative in my business.
Thank you so much!!!
if i knew this "magic" i would gladly pass it on — but i amd a firm believer that most of these claims are just border line fraud!!!
I don't think that ever happens. It's just that certain people will believe anything and THIS, they DO want to believe it and so they get scammed again.
Creditors might take a 50% loss if this is a very old debt that they have been unable to collect, due to the debtor changing address or whatever.
But by the time they agree to do that for you, you must have spent a good few sleepless months due to the pressure that these people can put on you.
In the end it is way more pleasant to simply WORK and pay your bills.