Bankruptcy

The Do It Yourself Bailout – Part Two of Jonathan's Interview with Kenny Golde

Have you ever wondered what it takes to settle your debts for pennies on the dollar? Recently I interviewed someone who started with $250,000 of credit card debt and with tenacity and focus, has managed to eliminate more than half of this debt through negotiation. Here is part two of my conversation – it lasts about 8 minutes. Kenny and I discuss the psychology of debt collection and the importance of seeing debt negotiation as a business transaction free of emotions or guilt. "You are the CEO of your own corporation," Kenny advises. Part 3 will be posted tomorrow.

Link to WalletPop article discussed by Kenny in this segment

Link to Kenny Golde's book "The Do It Yourself Bailout."

Full post as published by The BK Blawg on January 31, 2010 (boomark / email).