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Crushing Debt Podcast

The Crushing Debt Podcast is for people who want to eliminate the financial bullies in their lives. It is for listeners who want more money at the end of the month, rather than more month at the end of the money. The podcast provides answers around such topics as real estate litigation, partition, quiet title, chapter 7 liquidation, chapter 13 reorganization, and Chapter 11 business bankruptcies, short sales, loan modifications, creditor harassment and other related topics.
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Jun 29, 2017

We recently had our neighborhood garage sale, and it occurred to me that I could use that opportunity to practice my negotiation skills with very little risk.

When negotiating, you need to have two things in mind:

1. What is your price (either as a buyer or as a seller)?  Know your value and be confident about it.  When dealing with a creditor, know your financial information, so you can be confident in the settlement offer to the creditor.

2.  There is value in taking less or compromising - a value to "not put it back in the garage."  When settling debt, there is a value to getting the creditor to go away, even if the creditor is asking for more than what you want to pay. What is the opportunity cost inherent in settlement?  What is the emotional value to settle?

If you have questions regarding debt settlement, please contact me at Shawn@YesnerLaw.com or www.yesnerlaw.com.

 

 

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