We left off last week with getting caught on the phone with one of those debt collection companies’ scripted, robot talkers. They start bombarding you with all those button pushing questions, accusations and intimidating remarks (They must always stay polite though). It is your job to stay cool, calm and absolutely collected. You MUST NOT get caught up emotionally. That is exactly what they will be trying to do to you. That is their game plan and you will be playing right into their hands if you do. Their entire rap is intended to get you upset. Understand that you are under no obligation whatsoever, to answer them. This is not a Court and they are not a Judge.

Again, you are not on trial. In this country, you do not go to jail for owing money – there are no debtor’s prisons. Only if you committed fraud is there a problem (unless of course you’re a Wall Streeter or Banker).

Knowing in advance what their intention is, gives you the power over them. When on the phone, don’t be so quick to answer them. Breathe, relax and take your time. If you are asked why you aren’t answering, you could say anything, like, I’m tired, or I’m just thinking about what you are saying, or I was thinking about all my chores for today and how you’re wasting my time. Learn how to start to push their buttons.

I just recently had a really funny one helping someone. Speaking on their behalf, the collector said there was a legal and moral obligation to continue making the payments which had stopped. I said they were just making enough money to survive and the small income was being used for food shopping. The response, was, “Well they are not making their payments because they are making their shopping a priority over their obligation to make payments”. I immediately responded with “You’re a f___k’n Moran”. He said, “What did you say sir”? I said “You’re a f___k’n Moran”. He said, “Sir, if you continue to curse, I’m going to hang up on you”. I said, “We’ll if you continue to say absolutely stupid things like “They are not making their payments because they are making their shopping a priority over their obligation to make payments”, then I’m going to curse you out. I then said “Wow. Usually people hang up on collection people. This would be the first time that I ever heard of a collection person hanging up the party they were trying to collect from”.

I am not advocating not paying one’s debts, or to get nasty. This collector mad a stupid remark and he got back what he deserved to hear. I am just trying to educate you about how to get rid of these pesky people (in can be done in many different ways).

To settle your debts, (if money is available) you will have a much better chance with the party you owe the money to. Your creditor(s) have to pay a collection company a percentage and would sooner work it out with you.

There are many advertisements, commercials etc., being put out there by companies and lawyers that claim to be experts in settling your debts. BUYER BEWARE the saying goes. Before you do anything like this, as it could be one of the most foolish things you do, please do yourself a big Favor and ‘Google’ – ‘Debt Settlement Companies Scams’.

Open every one of those sites and get an education. You will not believe the scams. How the vulnerable financial position you are in, is being used against you.

Believe me when I tell you, it is really not that hard to deal with your debts, settlements, negotiations etc. I have done this for years for people. Showing, teaching and actually holding their hand thru it all. It is not rocket science.

Start by ‘Googling’ everything you can about ‘Debt Collectors’, Negotiating Debt Settlements’, Debts and Laws, Debt Obligations and on and on. There are rules and Laws that are there to protect you. You will become a Master of your fate and will laugh at these hound dogs. You will learn to stand up for yourself, regardless of your financial position.

I love this line from the movie “Catch Me If You Can”:

“Two little mice fell in a bucket of cream. The first mouse quickly gave up and drowned. The second mouse, wouldn’t quit. He struggled so hard that eventually he churned that cream into butter and crawled out. Gentlemen, as of this moment, I am that second mouse”.

The ‘Cream’ is your ‘Debt” and you can churn your way out of it!

Harris Glasser – Author, Lecturer, Business & Personal Consultant
www.HarrisHelps.org “ It’s My Money & I Want It!”
(more next week)