Credit Card Debt Negotiation – The Process Simplified

When you are in conducting a credit card debt negotiation, its important to know that you are negotiating for a position of strength. The Credit card companies don’t want you to default. They make their money by receiving consistent payments from you. Payments that can go on for years and years.

You are the one in control. You have something that they want to get from you, your payment. If your polite, professional and firm, you will get what you want.

This is a serious situation. They do have the ability to instigate legal action. This is unlikely on smaller balances, but is always a possibility. I have seen balances as high as 15,000 dollars end up being charged off without legal action. I have also seen balances as low as $500 go to court after just a few calls. But even court action is a fairly slow process, and you have time to react and negotiate the debt before the court date.

First, you need to make sure that you communicate by mail. Don’t give the collector a “no way out” situation by telling them to never contact you again. You have them backed them into a corner where they have little recourse but legal action. Credit card debt negotiation involves a level of compromise.

Instead, tell them they can contact you only by mail. And that they can never contact you at work. You will need to draft a letter to this effect and send it to them by registered mail, return receipt. In fact, all future communication with the collector will be by registered mail. And you always want to make sure you have a file of the delivery receipts and a copy of the letter available so that they can’t dispute that it was mailed, and that they received it.

The problem with phone calls is that when you are involved in credit card debt negotiation, you need to have verification. If it wasn’t written, it wasn’t done because you have no way to prove it if you end up in court.

Begin your credit card debt negotiation at 20-25% of the original debt amount. The collection agency may have added on fees and charges that you should not include in the settlement amount. These fees just amount to the collection agency trying to make more money, and have nothing to do with the debt to be settled.

Since on the “secondary market” debt is traded at literally a few cents on the dollar, the collection agency is making plenty of money, even if they end up settling at 30 or 40% of the original debt.

Don’t sound to eager to settle. Be calm and collected. Don’t get angry, don’t show hesitation. One thing I really want to add is NEVER let them know that you have some specific reason for settling the debt. Many people make an effort to settle before applying for a home loan for instance. This information is none of the collectors business. If they find out that the reason you want to settle is so that you can buy a house, you will never get a settlement.

So, in review.

1. Never talk to a collector on the phone. Always use registered mail with a return delivery receipt.

2. Start your negotiation at 20 – 25% of the original loan amount.

3. Don’t include the collection agencies add on fees as a part of your credit card debt negotiation.

4. Be calm, educate yourself to the process so that you can speak from a position of knowledge.

Just be patient. And make a good deal. Soon, this will all be behind you. Your credit card debt negotiation means you can get on with your life.

Being Present – Improving Your Life With Mindfulness Practice

Whenever I start to talk about mindfulness practice with my clients, I tend get a lot of blank stares or resistance. Generally, I think people picture a Buddhist monk engaged in seated meditation for hours or weeks on end. Actually, mindfulness is a very simple practice that is easily integrated into our everyday lives. You can even do it while you’re washing dishes!

What is Mindfulness practice?

A great definition is provided by well-known researcher and founder of Mindfulness Based Stress Reduction, Jon Kabat-Zinn, mindfulness is paying attention on purpose in the moment without grasping onto judgment. That is, intentionally noticing present experience without labeling it as good or bad. Simple, yes. Easy, no.

It takes a lot of practice to pay attention to the moment. Our minds naturally wander. For instance, how often do you actually pay attention to the experience of washing the dishes or for that matter, playing with your children? Never? You wouldn’t be alone. We’re raised to multitask in our current day society. You wash dishes while going over your day, talking to your kids or partner, planning for tomorrow, etc. Imagine for a moment what it would be like to really experience washing the dishes. Feel the temperature of the water. Notice the smell and feel of the soap running over your hands. See the bubbles. Hear the sound of the running water or the clink of the dishes. What emotions arise? What thoughts come up?

Why bother with mindfulness practice?

The benefits are nearly endless. According to another well-known expert and author of numerous books including The Mindful Brain, Dan Siegel, M.D., research indicates that meditation or mindfulness practice has significant effects on the body, mind and even relationships. Dr. Herbert Benson, author of the Relaxation Response and president of the Mind/Body Institute at Harvard reports that scientific evidence shows that the relaxed state achieved through meditation can lower blood pressure, heart rate and respiration. It reduces anxiety, anger, hostility and depression. It alleviates insomnia, premenstrual syndrome, hot flashes and infertility. It has also been used successfully to treat individuals with chronic pain. It increases emotional balance and mental flexibility, which helps to overcome emotional pain, compulsions and addictions. It improves concentration and mental clarity. It enhances insight and empathy. It improves our intuitive ability and provides us with a heightened sense of connectedness to others and the world. Relationships improve when we are able to be more present with people and less caught up in fantasy, projection or negative emotions that get in the way of successful communication. Researchers have also found that meditators report increased life satisfaction and optimism. All that without a pill? Who wouldn’t want to try it?

How is Mindfulness Practice done?

Mindfulness is a state of mind rather than a specific activity. There are many paths to mindfulness. It is important to choose a method that works for you! In order for it to work it has to be enjoyable (or at least something you’re willing to practice). It has to fit into your schedule. It has to be something you can do. Don’t take an ashtanga vinyasa yoga class if you’re out of shape and have never taken a basic yoga class. Don’t sign up for a week long meditation retreat if you’ve never meditated five minutes. Start small.

Yoga, Tai chi, Chi Gong, and various forms of Meditation are wonderful options to begin to train your mind to pay attention. But, Mindfulness doesn’t have to be a formal practice. There are endless opportunities to practice mindfulness throughout your day. You can wash dishes, go for a walk, play with your kids, be with your partner, take a bath, eat a meal, etc. The point is to pay attention, notice when your mind wanders, and gently bring your attention back to the experience of the moment. It’s as simple as that.

Buyer’s Guide: 5 Incredible Baby Shower Presents

Baby showers are as usual as birthday events. You are to attend one from time to time. While that is not a problem, selecting the best present for the expectant might definitely be one. Right here we have five of the most awesome concepts to consist of in your present registry for moms-to-be, to impress every time!

Mommy’s Me-Time Supplies

If you have had a kid, you will know why this one topped the list. While baby shower presents are mostly for the new baby, the thing moms really value is something for themselves, to make them feel vital too. When the baby comes, everything will become a challenge for her. She will then thank you much more for the time you thought of her. Include pamper items, day spa passes, aroma therapy oils, cozy bathrobe, and everything else you can think that she might require.

Baby Diapers and Changing Goods

It is undoubtedly the most clich├ęd present for a baby shower, however it never ever goes unappreciated. No parents can refute exactly how vital the baby diapers are. You can be a bit innovative, and make a diaper cake or something else to present your present. You can also include other products required for changing time to fill your present basket.

Cost savings Bonds for Future

This is another present that can never ever go wrong. The kid will ultimately pass the diaper age and mature, and your present will come in helpful even long after that. Doing this, you are also spending for the kid’s future, with a belief in the parents and their parenting capabilities.

Present Certificates

If you are way too confused about what to get and what not, you can always get some present certifications, so that the parents can get what they want to have. Your selections become restricted when the parents set a present registry. If there is no such obligation, you can offer them with shopping choices for regular child requirements in child stores, to play safe.

Toy Pacifier Holder

If your plan is to stand apart off the crowd with a special yet budget-friendly present, make sure that you get one of those stuffed toy pacifier holders. It is a stuffed toy with a pacifier connected to it, to keep the kid calm. You can get the one that allows any types of pacifiers to be connected instead of a particular kind. You can include a couple of even more products to accompany the pacifier holder which parents would definitely love and make use of for a some time!