Communicate with the people you owe; it’s a win-win for everyone
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Free Download - Make Your First Move By James Dicks |
I think by now it is safe to say that almost all of us owe someone for something out there. Thus we should all have a goal of living debt free or as close to it as possible. There is one thing that can really make a difference when it comes to your creditors. This works for both business owners and in your personal life.
The easiest thing to do is not to answer your phone or ignore the attempts of the bill collector/creditor to contact you. It surely can work some of the time and it temporarily makes it easier not to have to worry about the problem at the present time. I don't think any of us like talking to a collector because most of the bill collectors can be rude and obnoxious.
What is funny is that when you actually do talk with the creditor you feel much more at ease and relived (most of the time). The ultimate reason for this is simple, the anxiety of putting this person off only builds and you know at some point you will have to deal with them and the problem and it only adds to their anxiety on the other side.
The best thing to do when you owe someone money and you are having a difficult time is to simply give them a call. Let them know your situation, let them know that you are having a tough time and that you don't have any money right now. Tell them when you might be getting some money, or even if you can send them something; $50, $10 anything. You will find this communication goes along way in developing trust.
Here is one better; put on your calendar for every Monday to give each person you owe a call. Beat them to the punch so to speak. I can assure you that they will be surprised, and there isn't much more they can tell you that you haven't already heard. Even if you are just telling them that you still don't have any money nothing has changed but you just wanted to keep them updated. They will be actually just as relived as you are for the call.
Try to make a plan that gets them paid off, work that plan and they will work with you. Even if the plan to pay them off takes longer than you think it should, at least you are making an effort to take care of your creditors.
I was speaking with a guy the other day that used to work for Ford Motor Credit Company. He was telling me how they used to hate calling people every month that would blow them off, hang up on them and just avoid their calls. Ninety days later they would finally get a call from the debtor and the funny thing is he was telling me all they had to do is give them a call and Ford would have done everything they can to work something out. He said they usually would require one payment and then give them a 90 day extension. All they had to do is communicate with them.
So, here's a simple strategy for the day. Communicate with your creditors and it's a win-win for everyone involved.
Communicate with the people you owe its a winwin for everyone - To learn more about this author, visit James Dicks's Website.
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| Article Tags: crisis, economy, expenses, financial growth, financial responsibility, forex, goals, housing, interest, investing |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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