- Not Following a Proven Debt Elimination Strategy
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| A good strategy speeds up and optimizes the process: |
- Use any Resources: to start paying down the debt.
- Take Advantage: of all debt elimination tactics that can work for you.
- Use Leverage: if necessary to obtain concessions from your creditors.
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- Not Customizing Your Debt Elimination Strategy:
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| ...or not tailoring it to your situation. Customize a debt rehab plan: |
- That is adapted to your specific problem: with debt and pertaining to your career needs.
- That uses all available resources: and all the 'get out of debt' tactics that can work for you.
- That is unbiased: and does not create income for the people you are working with.
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- Not Negotiating from a Position of Strength
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| Use natural leverage we all have to deal with debt. Avoid this mistake by not asking creditors for help without first: |
- Creating Doubt: as to your ability to pay the debts that you owe.
- Taking Control: by communicating your situation to soften their position.
- Using Control and Their Doubts: plus some simple logic to create a win/win outcome.
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- Allowing Other Issues or Hang-ups to Get in Your Way
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| Losing focus on your main objective: |
- Letting Credit Concerns: overly influence your strategy to eliminate debt.
- Allowing Differences with Your Spouse: or partner to cloud the issue.
- Allowing Procrastination: lack of reason, or lack of persistence to spoil the result.
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- Not Making This a Life-Improving Exercise
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...or going from red to black...and STAYING there:
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- After Your Problem with Debt is Conquered.
- And Using it to go Forward Living a Financially Responsible Life.
- And Using it to Manage Your Money Wisely to Build a Sound Financial Future.
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