DIY Debt Settlement

DIY Debt Settlement
What exactly is do it yourself debt settlement?
Does that mean you are going to do everything completely by yourself? Or are you going to do the smart thing and learn about it from others first?

DIY debt settlement

Obviously, you are doing the smart thing by searching around to hear what others have to say about how they settled their own debt before you try to work with your current creditors and lenders to try to negotiate your debt.
Since you are looking to settle your own debt, I don’t have to tell you what it is like having more debt than you can afford to pay back. And I don’t have to tell you how much better it is than declaring bankruptcy (kiss the next 10 years of your financial life good bye!)
Here are some very important things to keep in mind when you try settling your own debts:
Stop the madness! Get cease-and-desist letters to get those creditors, lenders, and collectors off your back.
Next, put together a plan of what you really have to work with. How much do you have coming in every single month and subtract out the necessities your family needs to survive.
Make a list of your debts in order of smallest to biggest just to make some sense out of who to call first.
When you are calling a collector, don’t make light of your tough financial bid. Obviously, if you weren’t in the bind in the first place you would have already paid them! Tell them that it is tough and don’t feel that their is a need to lie.
There is nothing wrong with letting the collector know that they aren’t the only ones trying to collect from you.
Don’t give out any information
Really, there are too many do’s and don’ts to list here.
If you are interested in learning more of these important tips when you go up against the professional debt collectors (there really isn’t such a thing as being over prepared) then just go to and get started!

DIY debt settlement


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