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Hi, Michael Bovee, with Consumer Recovery Network.
And today, I wanna record a video that I should have
recorded many years ago.
I wanna talk to you about who's a good fit
to settle their debt themselves.
I have a website that I spend copious amounts of time
everyday for
many years now teaching people how to settle their own debt.
And it's really how our reputation began in this
industry, debt negotiation and debt settlement industry,
in 2004.
This is that we first show people and
assume that if we show them everything they need
to know about settling their own debt, that they'll do it.
And we're right, most of the time.
However, there are people that have no business
on the phone with a debt collector.
So, for example, obviously you would not pit your 85-year-old
grandmother who's sweet and nice and
maybe a little bit naive against a season debt collection pro.
Hell, there's places I've talked to and debt collectors
I've been on the phone with where I've hung up the phone and
I know what I'm doing over 20 years of this stuff.
Where I've thought to myself, I could have gone my whole life
without having had made that phone call.
So there are personality type that is better
suited to settle their own debts and/or do
you have any ability to calm yourself.
So, how about this, somebody with a hothead,
somebody who is more prone to get their gumption up and
maybe cuss out a debt collector, not conducive with negotiation.
Somebody who knows that their anger can get the better of them
is not probably gonna be best suited to negotiate their debt.
On the flip side of that,
somebody who is mousey, somebody who is nonconfrontational.
That is going to avoid confrontation at every turn
is somebody who probably should not be on the phone with
collectors of all flavor.
There is different types of debt collectors.
There's collectors that work for your bank.
There's outside third party collection agencies.
There's debt buyers that have their own debt collectors.
There's attorney debt collectors,
paralegal debt collectors.
And all of them can handle themselves a little
bit differently.
But typically they are in a confrontation.
They're confronting you with a debt that you couldn't afford to
pay and may not be able to afford to pay today.
And it's unsettling for certain personality types.
So I would prefer that somebody who recognizes that they're not
good fit to settle their own debt
not engage on the process from day one.
And it's recognizing that and
getting help from a professional.
Affordable help of course.
Competent help of course.
But identifying who you are and what you're capable of doing.
And then moving forward.
You can do yourself more harm than good by trying to settle
your own debt when you're not suited to it.
Negotiations can breakdown for
the hothead and you can give up too much information or
be pegged as somebody who should pay more in a settlement than
you're capable of or that you would have had to have,
had you not been the nonconfrontational type.
And then there's everything in between.
And lastly, there are certain types of accounts that
you should not try to settle yourself.
Things have just have progressed to a point in
escalated collection activity, sometimes in the courts,
where you're better off working with your own attorney,
and there are specialized debt collection defense attorneys.
I can hook you up with some,
just tell me what city you live in in the comments below.
There are situations where
you cannot get as good a deal as sometimes a pro can.
Those are more limited, but they do exist and
we can talk about that in the comments below as well.
We talk about it every day on
the ConsumerRecoveryNetwork.com website.
And of course just pick up the phone and you can talk to me for
free about what you're suited for.
Look forward to seeing you on the next video.
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