Thursday, November 12, 2009

Practical Credit Card Debt - 3 Objections and 3 Solutions

I see and hear commercials about how to tackle credit card debt all the time. It's about consolidation, elimination, solution, you name it. There are even special shows on television that proclaim their knowledge and expertise. I remember one show in particular where they have spoken, "what not to do to avoid falling too deeply in debt." They went back and forth to prevention strategies. At the end there was a Q & APart. One of the questions was what to do if someone already in the debt trap hole. The answer was to try to win the lottery. I could not believe my ears. The reality is that even from the place that you should expect to help you sarcasm. Both sides - the violent credit card industry and the newly proclaimed debt elimination companies have the same goal. They are hemmed in and nowhere to turn for help. The only place to go and really findhelp is you. They are the best advocate for yourself and your family. I hear you say that you do not know what to do and how to do it. This is exactly the state they want you to know I logged in to your most common objections and say something about them.

1. First objection: "I do not know what to do." Here's the answer: Do something. What is best to know what at the moment. I'm not saying that it will do the right thing, but you will get a feedback. Next action will be better. ForExample: Write down all credit cards on a sheet of paper. Call the credit card lender and talk to them. Talk to you family and friends.

2. Second objection: "I am not knowledgeable to know how to do it." Even if it is a true statement, which I doubt that there is a solution. It is very simple ASK:. Start with your lender and try to find out. If they try to scare you, not to hear. This is only a part of their work. I'll give you an invaluable tip. Target 0%Interest rate and receive a 5-year payment plan. The second option is to bring about a solution. This works fine, its just persevere and know what you want.

3. Third objection: "It will not work anyway". If you approach it with this negative intention hidden, it will not work for you. You must change it with a plan for a positive outcome. One might think that this has nothing to do with your credit card situation, but it works. See for yourself what will you doYou) to your target (payment plan or settlement.

The most difficult decision is to be done in the first step. I will know that there talking a lot of self ba against them, but do it anyway. They are so proud of yourself after you first settlement.



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