While your debt consolidation company is negotiating with creditors, an ammunition tool used on your behalf is the personal circumstance that brought you into the program from the beginning. This is what we call your difficulty.
At one point, your signing agent asked you the question “what in your life brought you to the point where you felt our services could help you?” Many consumers consider only high debt or high interest rates as a difficulty worthy of getting all the help they need and in some cases total debt relief. The truth is that no court in this country will accept any of these reasons as a difficulty due to the fact that almost everyone is in the same financial situation. With my clients, I chose to define a HARDNESS as sad, depressing but true stories. There must be something like:
• Significant reduction in income
• Divorce that results in financial difficulties
• Loss of employment
Significant expenses for elderly care in the family
Significant expenses for children (including tuition)
• Limited interest-bearing income with insufficient funds to cover basic costs
Significant healthcare costs
• Legal action that results in financial difficulties
• Relocation of jobs that results in a financial difficulty
• Tax problems that result in financial difficulties
• Death in the family resulting in financial difficulties
• Accident that results in increased debt and inability to cover basic costs
There must be something in your recent history besides the high interest rates that made your financial life difficult so as a rule we insist on sad, depressing but true stories. Many times, one of our customer service representatives will be in a temporary conversation with a consumer who reviews their account and learns that the customer has had a death in the family, a major accident that turned into a major operation or some tragic experience that resulted in a financial downturn. spiral.
At one point, I had been working with a client for a twenty-month period when he clearly mentioned the deaths of five family members during a period of three years before and during his joining the debt relief program. He had been so busy for so long dealing with the injury that he had not considered sharing such a large loss as his hardships. This is not uncommon with humans. Maybe it’s the pride or the sense of responsibility in us.
Living in oneself is a challenge and no one will get out of life alive. So do not be afraid to share with your representative the negative things in life that brought you to this point of overwhelming credit card debt. This is a negative that we can turn into a positive without having to be ashamed of. There are more than a few of us who have experienced the same obstacles in our own lives. We understand and we are here to help.