Operation Blast Bogus Info

This is Operation Blast Bogus Info.

Our MISSION: filter out the harmful impurities of the Debt Settlement and Debt Negotiation Industries.

Our OBJECTIVES: Save visitors time, stress and thousands of dollars by blasting away bogus debt claims.

Let's be real. If you have debt then you are in a war for your money. You are in a War On Debt.

A reality of any war is propaganda. If you're in debt, you don't have time to filter through what is true and what isn't true. You really don't have time to battle fear. You don't have time to be be scared out of your hard earned dollars either. Especially not by bogus debt settlement claims from people pretending to be on your side.

So, as we find bogus claims, having anything to do with debt, we are going to do our best to blast them out of realm of plausibility.

Case in point, Precept Financial put out a press release with the clear intent of scaring people into using their Precepts' Debt Settlement services. The headline read,

"The Pitfalls of Negotiating One's Own Debt Settlement". Sounds soooo scary...

So let's tear up this propaganda - oops, I mean this press release, point by point (no-worries, there are only 3 points to refute :).

1) Precect Financial Claims, that, Lack of Leverage of an Individual Against a Barrage of Creditor Companies: This press release goes on to state, "A debt settlement company’s status as a company and its relationships with creditors add strength to the company’s position in negotiating settlements on behalf of their clients."

1a) Debt Warriors Rebuttal: They sure did make the act of creditors ganging up on you sound fancy didn't they? Creditors and collection agencies want their money. They will hound you for payment. But you can force them to Cease all communication with you as well.

When you sign a contract with a Debt Settlement Company you give them Power of Attorney. This means that the Debt Settlement Company can send a written demand to the creditor (more often the collection agent) to speak and act on your behalf.

The Debt Settlement company will then have the right to demand that collection agency or creditor, halt - or "cease," all communication with you immediately. But the truth is, you can send a Cease Communication Letter for yourself, and stop all Debt Collector harassment immediately. So that point is smoked! But wait here's more...

Creditors only care about one thing - getting paid. I built relationships with Creditors and Debt Collection Agencies. In my professional experience dealing with Original Creditors as well as Debt Collectors taught me that they only care about receiving payment. Period.

In fact, you could call your Creditor, or Debt Collector and curse them out in 3 different languages, and they still would accept a reasonable settlement offer from you. The relationship has no bearing on your settlement what so ever. No WARM FUZZIES needed. There are other factors, but those factors help you get an even LOWER settlement and improve your credit score.

2) Needing to Get to the Right People: Precept Financial claims, "The chances of being transferred to the appropriate persons inside the creditor organization in a smooth and timely manner are low for the individual, and extremely frustrating. A debt settlement company already has the contacts and goes straight through."

2a) Our Response: That statement is completely misleading. Getting through to the right person can always be a challenge whenever you're trying to get something done. Heck, even ordering pizza can be 'extremely frustrating'.

The verbal claims and shenanigans really kick into high gear when Precept Financial says, "The debt settlement company already has the contacts and goes straight through". That statement is worse than molded baloney! You can get through immediately...trust me on this one :)

3) Industry Jargon: Precept Financial stated...lol, "Yesteryear, the use of terminology was not an issue. Today, a debt settlement company has the advantage of being able to expedite the process by effectively using industry jargon, which comes only through experience".

3a) Debt Warriors Rebuttal: Who uses the word "Yesteryear" in a sentence anymore...?

"Industry Jargon" is something that you'll need to know. But only if you don't want to get screwed in the long run. You can 'expedite' or rush the process with a Debt Settlement Company yourself.

But the real pitfall is that to get screwed in the long term if you rush in and don't do the due diligence and research about your accounts.

Lack of Industry jargon is not a pitfall. It's an opportunity to grow your financial knowledge base.

Three Quick Questions?

1. Why would any Debt Help Business NOT want to educate their clients on Debt Settlement "Industry Jargon"?
   
2. Wouldn't knowing this "Industry Jargon" satisfy clients and add value to the product or service offered?
   
3. Wouldn't educated clients make better financial decisions when settling debt, making it a win-win for all parties involved ?

99% of all Debt Help businesses want to keep you in debt longer so that they can get you to pay them guaranteed payments for many years. For this reason they have to keep you uninformed and undereducated about Debt Settlement.

Debt Warriors we promise to teach you the "industry jargon" to negotiate and eliminate your debt 3 to 5 five times faster than any other debt elimination product anywhere.

The only pitfall you should be concerned about is going into debt to get out of debt.

What do you think? Speak out! Send us your comments, or questions. Send Link Trade and Media inquires to: Jford@debtwarriors.com.

Wishing you Financial Security!
We are Debt Warriors!