When badly in need of debt help, some people make impulsive decisions without anticipating possible problems. Many debt settlement companies in the market offer instant debt relief but should you immediately trust them? Let's talk about some basic questions you should research about before signing up for debt settlement.
Is there a difference between debt settlement and debt consolidation? Debt consolidation is a loan used to pay off debt. Afterwards, the borrower is subjected to repayment to the debt consolidation company. The repayment term can last from 5-10 years or more depending on the amount of debt paid. In addition, a loan debt consolidation is secured by submitting your home title to your lender.
Meanwhile, debt settlement is done by submitting your monthly payments to your debt settlement company who in turn, would manage your repayment to your creditors. The debt settlement company usually negotiates with creditors on behalf of the borrower to cut off the debt.
What are the things that debt settlement companies don't tell you?
A debt settlement can work but only if you can assure that you've partnered with the right company. Sadly, some agencies that offer debt settlement services may not be disclosing the real terms to their clients.
A client may think that a negotiation has been reached when in fact the negotiation is still on the works. The borrower may start submitting monthly payments to the debt settlement agency, not knowing that his payments are not being forwarded to creditors at all. Instead, the agency may be using the money to fund its own needs.
Since this type of arrangement can be risky, consumers are advised to consider other possible solutions first. If you feel that you really need the help of a debt settlement company to help you manage your debt repayment, make sure that you've done extensive research about the company's background and reputation.
Work Out Your Own Solution
Trying to recover from debt may not always require the intervention of debt settlement companies. If you're in debt, try negotiating with your creditors first and see if you can come up with an agreement. If you're not sure of what to do, you can also seek advice from a government accredited credit counseling agency on how to negotiate with creditors on your own.
Much of the business advice from male business gurus doesn't quite cut it for women entrepreneurs. These gurus haven't figured out how they advice is different for women. Plus, they've left out some parts all together!
I've come to this conclusion after being a Corporate America drop out and starting my own business. I realized there was much to learn about building a business so started to seek out the knowledge and understanding I needed through books, seminars, teleseminars, and networking.
Over time what I observed is that the conversations I was having with women entrepreneurs were often different than conversations I had with men. For example, I could be at a seminar and during the break chat with another woman while getting coffee. We often shared what the speaker said what it meant to us, which usually included something that the presenter didn't even bring up.
What I started to realize is that though much of the information was good and I used it, I had to usually put it through my female filter, I had to do some translating so I could apply it. I also found myself with some questions that I had to answer myself. I started to realize why. Most of these resources were presented by men. Well intended men, but men none the less.
Very simply, by default built into their advice was a male perspective, which has some merit. But, it's not the whole picture. Their advice didn't address a woman's perspective or talents. It didn't address my ?world? as a woman. But, then how could it? Men and women don't seem to approach anything the same, so why should it be different in business?
It's not! A big reason why I started the Bodacious Women's Club is because I wanted to address women entrepreneurs? needs that weren't being met. I wanted to shortcut the ?translation? and fill in the gaps that were missing.
It all starts with awareness. So, I've created a list of seven critical things male business gurus don't tell you, but every woman wants to know. Keep these in mind whenever you're seeking out knowledge or advice for your business that comes from any man. You may be surprised what you discover!
1. Most business guru's miss how women experience life so differently than men. Because of our brain wiring, women experience life in a much more intuitive, emotional, and integrated way. Men, on the other hand, pretty much think about one thing at a time and usually do little to relate one thing to another.
2. Most women define success differently than men. Success for most women is heavily tied to emotional and intrinsic fulfillment that comes from multiple areas of life. Women aren't satisfied with sacrificing family or loved ones to have business success. We want it all and they want experts to help us get it all. Most men define success in terms of money, status, and power.
3. Most business gurus don't address the stress most women experience. Because of all the roles most women play, being able to manage stress effectively is key to having a successful business and life. Men typically juggle fewer roles and don't stress over someone's needs not being met.
4. Most business gurus don't address the impact of significant relationships in a woman's life that directly affect her business success and how to keep them in good health. Because women experience life in a more integrated way, when a significant relationship like with a spouse or parent, is out of kilter, everything else is affected, including her business.
5. Most business gurus don't say that taking care of yourself is as important as taking care of a client. Most women struggle with doing good things for themselves and their business suffers as a result.
6. Most business gurus don't delve into how women can use their natural strengths ? like relationship skills ? as a huge competitive advantage for growing their business.
7. Most business gurus don't address the ?good girl? tendencies most women have from their upbringings that hold them back from making their business wildly successful. A great example of this is how women hold themselves back from proactively selling themselves or their product or service.
Both Smith Andrea & Mary Foley are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Smith Andrea has sinced written about articles on various topics from Debt Consolidation, Finances and Education. Andrea Smith is a writer and consultant with Consolidate4Free.com and has been providing consumers and business owners with Free Debt Consolidation Advice since 1990. For years she has helped people with loan and credit problems especially pertaining to. Smith Andrea's top article generates over 33100 views. to your Favourites.
Mary Foley has sinced written about articles on various topics from Site Promotion, Prospects and The Internet. During a successful, demanding, rising through the ranks 10 year career with America Online Mary Foley learned that the only way to thrive in today's world is to be bold, positive, and courageous ? bodacious! Today, as the founder of the Bodacious Women'. Mary Foley's top article generates over 8100 views. to your Favourites.