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Home > Think Positive - your way out of debt.

Think Positive - your way out of debt.

February 24th, 2008 at 05:13 am

I have been reading a few books lately, with all this time on my hands, "The Secret", "The Total Money Makeover" and "The Success Principles" and they all elude to how your thinking can bring about your financial position.

If I reflect on my life, it is apparent that my positive thoughts did bring me to places I never dreamed possible. Although, I am in a serious financial down right now, I know in my mind that this is a temporary state for me, I know that I will work my way out of this and from what I have learned here, this will not happen in my life again. The giant sucking sound has finally quieted and I'm learning a lot of important things, like the word "no".

One of the biggest things I have learned is that "it's not the hard times that will get you, it is the good times". Just living and doing everything I wanted to do for myself and others and not thinking about the "what if". That is why I am here.

This experience has also given me time to write and I've been doing a lot of that. Working in the finance industry for over 22 years, I know about credit and how banks work, know about credit reports and how to fix them, know about many people who have settled their debts, know many people working with debt management companies and many who have filed bankruptcy. I have assisted thousands of people through the years with their credit issues by giving them information and form letters to fix their problems. All free just to help people so that someday they could buy a home and be bank worthy. I have clients I have spent years with helping them finally get into a position to buy a home.

In the last four months I have spent a lot of time thinking about starting a side business for credit repair, settlement education and other alterntives to give people the tools to handle their own problems. I've consulted with the banking and insurance commission a few times, talked to an attorney about the business and I have wrote a manual that is already over forty pages long. I hope to use my experience and the experience of my clients (all anonymous), as examples with solutions.

While going through this process I noticed a lot of predatory companies who thrive on naive people who don't understand that they don't need third parties to handle their debts and etc. In my research I did find a few companies that seemed legitimate for people who just don't have the confidence to handle their finances on their own, but it took a lot of research. I'm afraid that many people panic and don't take the time necessary to find the right company. If a person has a true hardship they can deal with their creditors and the creditors actually prefer it that way. A person just has to have enough confidence and education to know how to handle their situation.

In the state I live, debt settlement companies are not allowed, however, educating people is. I could have seminars and sell my manual with standard form letters and etc. to help clients handle their own credit issues. They could then consult with me for an additional fee which I would put on a sliding scale based on income and need.

With the new bankruptcy laws, people don't know all their options. I think this could be a very helpful service and I would interested it others thought it would be as well?

3 Responses to “Think Positive - your way out of debt.”

  1. creditcardfree Says:

    Sounds great. Best of luck to you!

  2. Nic Says:

    I've said it before,YOU are a wealth of information. The very best of luck to you!

  3. jaiparis Says:

    Wow, that is great, you should read my post called Debt Settlement Plan, I was thinking of creating the same sort of thing in a way, a plan for people to determine if BK, DS or debt consolidation is right and then if they choose DS outline a process, with form letters, and how to speak to collectors etc. I also thought geez, I could charge way less and actually start my own DS company for folks that still don't feel comfortable doing it on their own, because most of the ones out there are just a rip off. But I really have no idea how to even get approvals and what would need to be done to start this kind of business. But good luck! I'm sure everything would/will be helpful and could be a great business!


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