I’m a huge fan of Dave Ramsey, his baby steps and his philosophy about money. I think he does a great job leading people out of debt to financial freedom. But there are times when you need more. You need more than baby steps, you need a giant leap. The debt’s too bid, there’s not enough income to attack it or the creditors are getting aggressive or even suing. All is not lost. There’s life after Dave. You can get to your debt freedom goal. I’m Dave Ramsey plus. I take up where he leaves off. I’m happy to help you reach financial freedom and your dreams.Top
You hear it every day all around you, “Mortgage rates have never been lower!” At this point it’s infiltrating your sleep. It’s true, rates are low, crazy low, but what if you know you have some credit issues? You may not know what they are, but you know they’ll rear their ugly head should you try to refinance. Don’t let the fear of the unknown keep you from saving oodles of money on your house payment because you’ve come to the right place.
I can help you clean up the charge-offs that plague your credit report. We negotiate them down using the leverage we have as bankruptcy attorneys and our knowledge of the dark underbelly of the creditors. We can get them very low and the older they are, the lower we can take them. If the numbers line up, we can even put the payout to your creditors in the refinance so you’re not out of pocket anything for your refinance.
As an additional benefit to extra cash in your pocket every month, your credit will be cleaned up so that when you’re ready to make your next big purchase – you’re ready.Top
Nothing strikes more fear in a heart than official documents filled with legal gobbly-gook that you know do not bring good Ed McMahon tidings. I know that first hand because one year I wrote our Christmas newsletter (back when that was fashionable) on pleading paper for fun – you know the paper with the 2 lines and numbers down the left? I stopped a few hearts that year and am still apologizing more than a decade later. Official court documents are not for monkeying around.
What if it’s not a poorly timed joke and your credit card company has sued you? What if you owe the money? What if, most importantly, you can’t pay? You need help. I’ll say it again, official court documents are not for monkeying around.
If you’ve been sued and you don’t respond, you lose. If you lose, the creditor now has all the necessary paperwork, a judgment, to collect against you. Be assured that if the creditor spent the money necessary to hire a lawyer and sue you, it’s ready to collect.
Collection is draconian. The first place creditors hit is wages. If you’re employed, the creditor can take 25% of your take-home pay in California. Creditors can also give notice to your bank and clean out your bank account. Even if you don’t hold money in the account, there might be a significant amount found there on any given day depending on what’s been deposited and what has cleared. Creditors lien and seize property and record a personal judgment against you. Worst of all, creditors can order you to appear in court for a debtor’s examination and give them all the information they need to collect against you.
The moral of the story is: when you’re sued you need help and you need it now. Don’t wait, because as soon as you receive the summons and complaint, the clock starts ticking and it runs fast.
If you’ve been sued, I’m happy to help. Call (949) 391-6063 for a free consultation.Top
The upside is that Bank of America has started sending letters to more than 200,000 homeowners offering to forgive a portion f the principal balance. The average reduction is $150,000. The savings can translate up to 35% of the mortgage payment.
The criteria are:
- having a loan owned or serviced by Bank of America;
- owing more than the home is worth; and
- being at least 60 days behind in payments.
An offer from Bank of America can be a great boon for a homeowner. You can read more about it here.Top
If you’d like debt freedom to go with your new lower payment, please call.
Financial crisis almost always stems from income crisis – a job loss, furlough days, pay cut, industry change – all those things create a huge strain on family finances. To help, I give out copies of the book 48 Days to the Work You Love by Dan Miller. Now I have another great resource, $100 Startup by Chris Guillebeau.
For those tired of letting other people, i.e., employers, control their destiny, $100 Startup, leads you through starting your own gig with minimal cash. I love that this type of helpful information comes for the cost of a book, not some several thousand dollar pie in the sky program.
The $100 Startup has stories of what others have done. You can copy one of those or be inspired to do your own thing. Some extra cash every month can turn into a full-time lucrative business. You can check it out here: http://100startup.com/Top
Debt is a burden, a heavy weight. Anyone who’s ever carried it can attest to its constant presence. Debt makes itself known constantly, at work, at home, during family time, on holidays. It’s just as present as illness and disease.
Dictionary.com definition of disease is:
“a disordered or incorrectly functioning organ, part, structure, or system of the body…illness; sickness; ailment.”
Debt, when it’s in full swing, is like moving from a hangnail to a heart attack. All of the sudden, it’s not just an annoyance, it’s a front and center priority.
A healthy person has many dreams and desires, a sick person has only one. What’s that one dream? Health.
Interestingly, the antonyms to disease are (i) health and (2) cure. Don’t those sound so good you can almost taste them? If you want the cure for debt and the health that comes with it, please contact me. I’m your debt doctor.Top
Doing nothing is always a choice. In fact it’s one we often engage in – and not just in our finances. I know that doing something active always improves my day, the way my mind operates, the way I feel, my level of production. In fact, if they sold exercise in a pill form, I’d be an addict. That being said, it’s easier to do nothing. In the face of insurmountable research and personal experience, I still sometimes choose not to don my sneakers.
Much is the same with financial health. We struggle, we suffer and finally we seek wise counsel. And yet, sometimes, still in the face of all that is good and holy, our sneakers lay abandoned. The bankruptcy paperwork lies on the desk with the myriad of jog-a-thon announcements. Becoming debt free is just as far away as it was before.
There is a goofy television add where Sean Kingston urges kids to get together with a few of their friends and “do something”. There’s even a website – dosomething.org. I’m with Sean. Do something. Take action. You can only guess at the good feeling right now, rip the Band-Aid off and let the wound heal. It’s painful now, but the long-term dividends are immeasurable.Top
One of my favorite entrepreneurial podcasts, The Lifestyle Business Podcast, invented the idea of rip, pivot and jam to help start-ups. I love the idea and super cool imagery so much I’m going to adapt it to my field, finances.
Rip – rip the best pages of the playbooks of the best teams. Find the resources you need
Pivot – make a radical change. I have 2 surfboards, one’s as big as a sidewalk (and named Sidewalk) and it makes beautiful long arching turns. The other’s much smaller and more nimble (and bright orange, named God’s Tic Tac). Guess which one I want to be riding when I spot a big rock in the water?
Jam – go, go, go and don’t look back until it’s time to rip, pivot and jam again. Run, Forrest run.
When Coke, in their infinite wisdom, came out with New Coke, they threw all the power of the distribution and marketing team behind the concept. They went all out with their new product – and it flopped. Big time. Coke could have kept pushing and tried new ways to get us to drink it, but instead they acknowledged the blunder and pulled the plug. A giant behemoth corporation pivoted. In making that essential pivot, Coke saved untold millions of dollars.
Is there a pivot that would change the course of your financial life? Would debt settlement or a bankruptcy free you from the past and set you up for a bright future? I’m happy to talk with you about your specific situation – we could even meet on the water with our happy pivoting boards – there’s a good south swell moving in.Top
I spoke with 2 couples this week who had faced hard times in the last year when they were out of work. During this time they incurred credit card debt. Times are much better now, thankfully, but the credit card debt is still hanging around. In both instances the best solution was bankruptcy, but we also discussed the possibility of debt work-out and debt negotiation. My job as a debt crusher is to look at the four factors, 1. Debt, 2. Assets, 3. Income, and 4. Goals and create the best way to jettison the past and move confidently toward the future. The future of these two couples is looking very bright, very bright indeed.Top