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How much debt are you carrying on credit cards? $10,000? $25,000? $50,000? $100,000 or more?
I was carrying $222,000 in debt on credit cards!
Now I have NONE!
That's right, I'm 100% credit card debt free.
Keep reading. I'm going to tell you how I completely eliminated my debt, legally, without filing bankruptcy, without destroying my credit score, and saved nearly $150,000 in the process.
I HAD SO MANY QUESTIONS
Is settling my credit card debt legal?
Will I get sued?
Is it the "right" thing to do?
What happens if I get sued?
Do I need a lawyer?
How much can I hope to settle for?
Should I file bankruptcy?
How long does it take?
What happens if I miss a payment?
What will happen to my credit score?
If you're like me, your credit card debt may also come with anxiety, doubt, fear and uncertainty. I was afraid of losing my home and going bankrupt. I was depressed, irritable and unable to fully enjoy my relationships with friends and family. I couldn't concentrate. I couldn't have fun.
I was paying nearly $4000 a month in interest, on top of my mortgage and regular expenses. I was constantly worrying about my debt and my future. I was losing sleep. Losing hair. I even lost a girlfriend because I couldn't focus on life when I had so much debt in the way.
The debt was consuming me.
I couldn’t see any future, any job, anything short of winning the lottery that would get me out of that much debt before I was destitute.
I finally had to face the possibility of bankruptcy. I visited an attorney who told me something I had never heard before.
He told me that it is possible to call a bank or credit card company and negotiate a settlement on credit card debt, possibly for far less than the balance owed. Frankly, I couldn't believe it. If it were true, I might just have found a way out from under the debt that was defining, if not destroying my life.
I turned to books and websites for some guidance on how to settle my credit card debt.
Amazingly, I found none!
I found many books that said I "could" settle my credit cards, but gave no information on "how."
How many commercials and web ads have you seen for "debt reduction" experts who say they'll negotiate your credit cards for you? They wouldn't tell me how. In fact, many want to make you think you need them to settle your debt.
I did it myself — and so can you!
"Hey Ken, I bought your book almost a year ago, followed it step by step and settled on one incoming phone call, two credit cards totaling $55,000 for $10,000. I refer you to all my friends in need, It really works!! Thanks A Million$" - Sam X. Torrance, CA
"I had $235,000 in credit card debt. I was one week away from filing Chapter 7 bankruptcy when I ordered "The Do-It-Yourself Bailout." This book inspired me, and gave me the guidance and foresight to negotiate these balances down to close to $40,000, about 15% of what I originally owed. Thanks Kenny." - Steve, Roundhill, VA
"Thanks to the encouragement and information in your book I've recently settled $54,000 of debt for $15,000." - Mark D., Los Angeles, CA
"I bought your book and have been following it to the letter (!) with two credit cards that I'm unable to pay due to a 40% pay cut. The first one just settled with me today for $8700 on a $21000 debt. whew. Thank you so much for that." - S.B. New York
I WILL TELL YOU:
What the phone calls were like when collections agents began to call.
How I initiated negotiations.
How the banks responded.
How long it took to reach settlements.
How I got the settlement agreements in writing.
Even how much I settled for.
What does "charge off" mean and how it affected my accounts.
How I separated emotion from my debt.
How I evened the playing field with big banks.
And much, much more.
All told, I had $222,000 in credit card debt. Now I have ZERO. I've completely eliminated my debt. And the best part, I saved nearly $150,000!
That's right, $143,000 written off by my banks and credit cards companies, forgiven, wiped away, forever!
And with it, my fear, stress, pain and anxiety have been wiped away, too. I sleep well. I eat regularly. I laugh with my friends and family and make it through my days without living in my head, torturing myself over money.
I have been through the process with six, major U.S. banks and now I have answers.
I want to tell you how I did it! I want to share my experiences with you. I'm not kidding, I want to tell you everything.
I'll tell you where my credit score ended up. How I sent in the money. How I responded to the intimidations of collection agents that led me to getting even better settlements!
I settled one account with a $76,000 balance for $25,000. A savings of $51,000!
Here is the settlement agreement:
I even got sued. I'd never been sued before, for anything. It was terrifying.
Just look how it's worded in paragraph 3: "Once a judgment is obtained, your income may be garnished and other personal property subject to levy may be seized." "The judgment may include costs of suit, interest and attorneys fees." "Filing of the lawsuit is unavoidable."
Is it uncommon to put $500, $1000, $2500 or more onto credit cards each month to pay for summer gas prices, rising food prices, braces for the kids, health insurance, night classes or a night out?
You CAN get out from under overwhelming debt! I'll tell you how I did.
What did all this mean?
Another opportunity to settle.
I will tell you how I settled the lawsuit and the account for less than half of the balance, without penalties or legal fees.
It is a fact that Americans are carrying more credit card debt than ever before. I believe that most of us do not get into such debt through extravagance or carelessness, but by simply trying to make up the difference between our income and the basic expenses of life. There is often a narrow margin between what's left in a paycheck after FICA, FUI and SUI deductions, and what's needed to pay rent or mortgage, a car note, gas and electric, a telephone, food and clothing, and maybe a movie now and then.
Perhaps you've opened your own business and now find that your loan payments can't be met in an economy that has caught the C.E.O.'s of major corporations by surprise! Who could predict that the housing market would crash, then the credit market, then the stock market?
Whether through business or personal expenses, have you found yourself carrying more credit card debt than you can manage?
There is a way out. Debt negotiation as an alternative to bankruptcy. You can settle your credit cards. It is legal. It is quick. And it could save you thousands of dollars.
"I really found your book helpful! I am now in a very empowered state most of the time with everything, but I was super-stressed out for a long time!" - Chuck B., Phoenix, AZ
"I just wanted to thank you for your useful information in this book. I will recommend it to a lot of friends." - Marc D., Los Angeles, CA
"I also have both personal and business debt. My income has drastically reduced in the past two years and my debt has gone through the roof. I have started reading your book, it is exactly what I have been searching for." - Mark E.
Even if you choose to use one of the reputable debt consulting companies to manage your debt, my book, "The Do-It-Yourself Bailout," will make you an educated consumer, giving you the information you need to ask the right questions, choose the right company, and work with your consultants to reach the best deal for you, saving you time, money and headaches.
I am not offering a service to reduce your debt for you. I want no monthly fee, no subscription, no commission. All I want to do is tell you my story, because if you're in a situation like I was in, it could help you.
Collectively, readers of the "Do-It-Yourself Bailout" have settled almost $1,000,000 in credit card debt.
There's no reason you can't settle your credit cards, too.
ALL TESTIMONIALS ARE EXCERPTS FROM EMAILS I HAVE RECEIVED FROM ACTUAL READERS OF "THE DO-IT-YOURSELF BAILOUT." NO ONE RECEIVED ANY COMPENSATION IN CASH OR TRADE FOR THEIR TESTIMONAILS. WHILE THERE ARE MANY READERS I HAVE NOT HEARD FROM, AND I'M SURE MANY WHO HAVE NOT ACHIEVED THESE RESULTS, IF ANY, THE RESULTS INDICATED IN THESE TESTIMONIALS WERE ACHIEVED BY "AVERAGE" PEOPLE (THE FTC'S TERM, NOT MINE, I CONSIDER ALL MY READERS TO BE EXCEPTIONAL) WHO REDUCED THEIR DEBT ON THEIR OWN AFTER READING "THE DO-IT-YOURSELF BAILOUT."