Have you ever wondered what it takes to settle your debts for pennies on the dollar? Recently I interviewed Kenny Golde, who found himself with $250,000 of credit card debt and no way to pay it all back. However, with tenacity and focus, Kenny has managed to eliminate more than half of this debt through negotiation. Here is part four of our conversation – it lasts about 8 minutes. We discuss the procedure for entering into a written settlement agreement with your creditor and the steps you must take to ensure that your settlement is honored by the creditor or collection agency. Part 5 will be posted tomorrow.
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Link to Kenny Golde’s book “The Do It Yourself Bailout.”