5 Steps to Cure Credit Addiction

Does someone you love have a Credit Addiction? You know, the type that only pays their Credit Bills just so they can charge more later? If so, please stick around and read today’s post, to learn how you can help them cure their Credit Addiction? Thanks for stopping by today.

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Why You Should Not Force a Charge-Off for Current Accounts

Are you thinking about ‘forcing’ a Charge-Off for your bills that are ‘current’ with Creditors? You can, but you shouldn’t even consider that route until you’ve read today’s post. Click the 'read more' link below to find out why?

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What To Do When You Suspect Your Bank Is Floating Checks

Have you ever had a Check bounce - that shouldn’t have? Have you ever been frustrated because you knew you had the money to cover the check when it bounced? What can you do, when the Bank that you trust and depend on unfairly burdens you with a bundle of debt? Feel free to keep reading today to find out.

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MLKs' Economic Dream for America (Video)

What was Dr. Kings Economic Dream for America? Jan 2007 (last year :) I did a video speaking out about Predatory Lending and abusive credit and collection practices.

The time has come for us to stand up and say no more...Happy MLK Day!

Debt Managements 8 Stages of Grief

Depressed because you're in debt? If so, my condolences.

I know that you're going through a lot of stress right now. I also know that you can manage your debt, settle and eventually defeat it. But for best results it's critical that you understand the "7 Stages of Debt Grief".

1. Debt Shock and Denial:

Be aware that the first Stage of Debt Grief are Shock and Denial. They come in 2 mini-stages.

A.) Shock and B.) Denial.

For example, you may be in Shock if you don't know what your total Outstanding Balances are. How did you respond, when you discovered that you were neck deep in debt? If you don't know, or haven't responded you may be in shock.

Debt Shock is an extreme reaction to a stressful financial situation. Shock is usually the result of an unexpected event. When a Consumer is in Debt Shock they are usually numb to the facts (i.e. the amount of outstanding debt they owe).

Are You in Debt Denial?

Many people are going through Debt Denial right now. It's normal, understandable and part two of the first stage of Debt Shock and Denial. How can you tell if you're in denial of your debt? Ask yourself, "how much debt do I currently have?" If you're unmotivated to check and see, you may be in Debt Denial.

It's normal to be shocked by your debt or to dwell in denial for a while. Eventually you will move to the next Stage of Debt Grief.

2. Guilt and Shame:

Many of my clients come to me in this stage. They feel guilty and shameful about their financial situation. They ask themselves "how could I be so stupid". Or in my ex-wife's case, simply not tell anyone. The fastest way out of the Stage of Guilt and Shame is to take accountability and action. Just admit your financial mistakes and move on to the 3rd Stage of Debt Grief.

3. Bargaining:

Many of my Clients come to me intending to strike a bargain with their Creditors. For them, the frustration is too much. At the Bankruptcy Prevention Law Firm, a majority of the clients simply wanted the calls to stop, others wanted to get the best deal possible. Many people try (on their own) to work out a deal (Debt Settlement) in vain.

Mrs. Dennis, a wonderful 67 year old Woman was a client of mine at the Law Firm. She was a good person who recently lost her husband of 30 years. Mrs. Dennis called to bargain with her Credit Card Companies to offer a Debt Settlement and she was rudely shot down. The Credit Card Collections Department treated her like a Criminal. So she gave up and retained the Law Firm where I was Legal Assistant at. When I called to introduce myself to Mrs. Dennis she was in the 4th Stage of Debt Grief.

4. Anger:

Mrs. Dennis was angry that she tried to work something out with her Credit Card Companies. She was trying to be responsible, but the Credit Card Company said there was nothing they could do for her. Her Husband was a good customer for over 20 years. I felt Mrs. Dennis had the right to be angry. Corporate Greed in general makes me angry. But Mrs. Dennis had a valid reason to be angry. When I spoke to Mrs. Dennis, she was in the 5th Stage of Debt Grief.

5. Depression:

I would define a Debtor in Depression as stuck in bad mood. Massive amounts of debt can make you feel like you're stuck in a emotional black whole. This is a normal feeling. Dopamine plays a role in Debt Depression. If you're in Debt Depression, talk to someone who understands what you're going through.

A trusted Financial Adviser can give you an emotional hand up out of the emotional black whole. I can get you out of a financial black whole, so you can move to the 6th Stage of Debt Grief.

6. Acceptance:

In this Stage, you see that debt is a trap. You've become more educated about your Finances. You face the realities of inaction and resolve to take action. This could be browsing the web for advice, asking a friend for referrals or any number of things. Once you've accepted your financial situation, you can then move to the 7th Stage of Debt Grief.


7. Determination:

Here's where the work begins and starts to pay off. You've admitted and learned from your mistakes. You've lived through the threats and stress related to your debt and you're still here. If you're in this Stage Congratulations! Once you hit the Determination Stage, you can seek proven solutions to defeat your debt.

While in this Stage you walk with your head held high. You start discussing your Financial Situation with your loved ones more openly. You are no longer in Debt Denial. You've moved through the shame anger and depression and you're determined to get out of debt. If you're already here, let's move on to the 7th Stage.

8. Victory:

At this point, you're no longer in Shock. You've overcome Denial, Guilt and or Shame. You've tried to Bargain but may have become Angry which led to feelings of Depression. You may be considering a Debt Management Course because you've Accepted the realities of doing nothing.

Now you can feel confident knowing that winning your WAR On DEBT is a reality.



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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Debt Management Coaches. The information on this blog, should not be considered legal advice, but helpful information. If you need to retain a Top Rated Attorney for less than the cost of a tank of gas click here:

Don't let debt defeat you! Win Your War ON DEBT!

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Washington Times Writer Warns: DIY For Debt Settlement

If you’re struggling with high Credit Card Debt and other amounts of Unsecured Debt, allow me to make the Argument: why “Do It Yourself (DIY) Debt Settlement” is not a Scam. I’ll support my Argument for DIY Debt Settlement using logic and the words of Washington Times writer Michelle Singletary. Don't let debt defeat you! Discover the facts.

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Debt Warriors! 2008 Credit And Debt Predictions That Came True (Video, Poscast, Images)

Mark Twain said, "A Lie can travel half way around the world before the Truth can even tie it's shoes."

Is it because Truth is ugly and needs to be caged?

Yes. But also because the Truth is slower for people to accept and pass on. My years of professional experience in Debt Management Coaching has taught me that Lies, Tricks, and Scams keep Consumers caged in debt hoping to one day get out - and maybe see the world.

As a Libra, I find myself usually seeking a balance of power and rooting for the underdog. In Debt Management, the Truth is usually the underdog.

This week and next, to help you defeat your debt, in 2009, DEBT WARRIORS will reveal the Ugliest Truths about Debt Management, via blog posts, video segments and radio podcasts.
Also we'll feature share our Economic Predictions of 2008 (that came true).
If you're in debt, you should read the rest and subscribe for future Debt Intelligence updates.

Ugly Truth About Predatory Lending: It Does Exist
(Video First Published: January 22, 2008) :


Senators Barack Obama and Hillary Clinton (whom I initially supported) both spoke out against Predatory Lending. Last year, to celebrate Dr. Martin Luther Kings Birthday, I reminded people of some of Dr. Kings final words.

Watch the video (above) to learn more about Dr. Kings thoughts on unfair Lending Practices.

Borrowers Beware: Top 15 Credit Card Tricks and Traps
(DEBT WARRIORS RADIO SHOW: July 10, 2008)

Predatory Lending does exist. We've been exposing Predatory Lending for the last 2 years. That's why we exist, to help Coach people who may have been tricked and trapped in Credit Card Debt.




Ex-Credit Card Workers Warn: Beware Of Tricks And Traps
(DEBT WARRIORS RADIO SHOW: September 26, 2008)


In the 2008 Election, Vice Presidential Candidate Sarah Palin was not only a lift for the Republican Party, but also an out-spoken critic of what she called "Predator Lenders".

Sarah Palin Pounces on "Predator Lenders" In Vice Presidential Debates (Debt Warriors Response: Friday, October 3, 2008)

In the 2008 Vice Presidential Debate between Gov Sarah Palin and Sen Joe Biden, the first question was the Economy.


Moderator Gwen Ifil (of PBS) asked "who was at fault" for the current Economic Meltdown (greedy Bankers or Dead-Beat Consumers)? Gov Palin responded;

"Darn right it was the predator lenders, who tried to talk Americans into thinking that it was smart to buy a $300,000 house if we could only afford a $100,000 house. There was deception there, and there was greed and there is corruption on Wall Street. And we need to stop that."

"One thing that Americans do at this time, also, though, is let's commit ourselves just every day American people, Joe Six Pack, hockey moms across the nation, I think we need to band together and say never again."

"Never again" is a far Uglier Truth than it appears on the surface. For most people, it's easier to say than to do. That's why DEBT WARRIORS are here. If you find that you need help with making sure you're not - or ever become a victim of a Predator Lender, call us toll free at 866-576-4996.

Happy New Year!






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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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The Ultimate (Do It Yourself) Debt Management Program

Don't Let Debt Defeat YOU! We are Debt Warriors™. We teach Americans how to manage, reduce and settle their OWN Debt (for themselves) for pennies on the dollar. DEBT WARRIORS Train people to become "Do it Yourself" Credit Card Debt Settlement, Debt Management, debt reduction and Credit Repair experts. We invite you to look at our new site at www.debtwarriors.com to view our free Credit Boot-Camp (Debt Management) Video Series.

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