Negotiate and Settle Your Debts: A Debt Settlement Strategy

I purchased this book after buying the "Hidden Credit Repair Secrets" from Mark C. and I can't say enough positive things about how Ms. Akridge put the debt settlement situation in such an achievable task. The first book gave me so much information that is also repeated here but that sometimes is necessary to have repeated simply to get the information straight in our minds. What I liked most about this book was how Mandy focuses on how to deal with the creditors or collection agencies.. This book definitely focuses on the settling of debts whereas other books are geared towards repairing credit, yet both things come hand in hand (at least in my case). I have quite a few things to work on as far as credit repair but I have to admit that I also have items I'd simply like to have resolved (settled by paying off) and move on.. My story is long and complicated but in a nutshell I ended filing for BK Chapter 13 (Biggest mistake ever) and 1 year after paying for on the payment plan to the trustee my job furloughed me and therefore the plan no longer worked and my case was dismissed. I ended up with a horrible credit mark in my report (The BK) and on top I had no help to deal with all the creditors.. Not to mention that after the federal protection lifted all creditors did what they felt benefited them most.. adding all these fees and hiking up the balances etc.. Needless to say, I wish I would have gotten a hold of this book back then.. This book has so much information and I felt - as I was reading it - how much I felt empowered versus feeling helpless and humiliated by all creditors.. I just finished the book and I'm going to put into practice everything I learned here.. I hope I too can say that I'm debt free in the next few months. Thanks Mandy for sharing your story and helping people come out of a hell hole and giving us hope. May God continue blessing you today and always.

This book was written ten years ago, in 2012. Debt Collectors are extremely deceptive, aggressive, and quickly seek default judgements within 6-18 months after one attempts these methods. If you don’t have 50% of your balance ready to pay by certified check or USPS money order, then you need to find another strategy. If you have no money on hand, then this technique WILL NOT work for you.Do whatever you have to do to stay out of debt in the first place, and get out of debt ASAP, even if it means going to a food bank, renting a room, etc., because credit card companies and debt collectors ARE NOT settling with consumers like they did in the past, and the American injustice system is not on the consumer’s side.95% of judgements against debtors are default judgements, and 88% of consumer complaints about unfair collection practices go IGNORED by the Federal Consumer Protection Agency.Most lawyers won’t even represent a client being sued by a debt collector, because they are represented by lawyers who are their friends, and they are all friends with the judges. Think about it, every judge was first a lawyer.It would be fantastic if the author corrected the grammatical errors, updated this book to reflect reality and current conditions, and if the language in the debt letters was much more aggressive and cited FDCPA law with specific language about the civil penalties for violations.Look up debt collectors on You Tube. There are some decent lawyers who put out videos on the process. It is nothing like what is described in this book anymore.

I purchase this book last week the moment I received it I started reading it and finished it in one sitting. This book is truely the best how to book I have read. Three years ago I had excellent credit and no credit card debt. I would have probably looked down on anyone looking to get out of debt by negotiating it down. Well funny how my perspective changed when life surprised me with neccessary expenses beyond my control.In summary, I managed to get myself over 75k in credit card debt. After finishing this book I called my creditors yesterday after speaking to each one I managed to get them to make me settlement offers in the amount of 45% of the outstanding debt and one of them mentioned 30% percent.This book gave me the insight and the benchmark to know where I stand and how much they will accept. Prior to this book I would have thought that 45% of the total debt was a great deal. Now I know better, I plan on settling in the 20% range and after yesterday I feel completely confident that this is possible. All thanks to this book. It is truely the best $10 that I have ever spent and it is already worth thousand to me.If your in debt you need to buy this book, this will be your bailout plan to getting your life and income back in your pocket.Mandy your an angel and your advise and writing style is great....Thank you, Thank you, Thank you......

This book allowed me to settle $33K in debt for about 28 cents on the dollar! I could not have done it without the examples of letter and information on how to talk with the creditors. The biggest added value was being able to email Mandy who coached me through when I was losing my nerve about the process. It is scary to decide to stop paying and then start getting phone calls from creditors. Do buy a "magic jack" for your computer and change your phone number on your credit cards to the "majic jack" number before you stop payments. It allows you to keep your home phone separate from your "debt" phone.After about 4 months several creditors sent letters offering a settlement. Mandy's book told me what to look for in the letter to be sure the debt would be forgiven. Others creditors told me a settlement was not possible-- yet months later they came back to me and offered a settlement. I'm so glad I didn't choose credit counseling or a debt settlement company. Buy this book if you can't see a way out of your financial troubles. It will give you hope for a better financial future in a shorter time period than any other approach. This book was exactly what I needed to take a step forward!