Richard
Preisig - business strategist, professional writer,
inventor,
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Attorney Based Debt Resolution Wins Over Debt Settlement Affiliates Servicing More Than The Green States.
If you are not with one of them already, you're likely to join the debt settlement affiliates who are quickly transitioning to the attorney-based debt resolution model, as it has prevailing advantages over the "green state" model (the States that don't require an attorney to settle consumer debt).
Both models are quite similar. The key difference is that, with the attorney-based model, attorneys resolve the debt versus just anyone (literally) getting on the phone as a representative of the consumer. This is better known as a "back-end debt settlement wedding factory" which, unfortunately, might know what to say, but doesn’t know what to do.
Curiously enough, back-end debt settlement companies are popping up like wedding factories, offering their services - "you sell, we'll settle". It's all just marketing, and the wrong people can be found working in the debt settlement business. This is a result of the fact that there is no barrier to entry, and it's an unregulated industry. These companies are proving to be sloppy, inaccessible and not consumer-friendly.
These factories advertise religiously on Google to lure the "first time" sales offices into their marketing web. Just like the couple looking to get married for the "first time", and who enter into a marriage not knowing what to expect or what to ask, so have sales offices entered into a debt settlement affiliation, also not knowing what to expect or what to ask. Full Article - Attorney Based Debt Resolution vs. Debt Settlement Affiliate Model. Note: You want to stick with attorney based debt resolution.
Experts Say You Should Be & Here's Why:
Quick Start: New Affiliates - (800) 677 - 1194
Did You Just Type Into Google - "settle my debt" ??
Debt Settlement Companies Own Up! "You Don't Have to Pay
Monthly Junk Fees to Settle Your Debt!" Americans who have already settled their debt after typing into Google "settle my debt" have derived a national average of $25,000.00 in debt to settle, across the board, nationwide. Some have $5,000 to settle, and some have $105,000 in debt to settle. This includes credit cards, medical bills, and all other "unsecured debt." Regardless of how much debt you have, the real money you should be saving is on the monthly junk fees when making payments that go into your "Special Purpose Account" for your debt settlement program. advertisement | http://SettleMyDebt.TV So, for instance, if you are $25,000 in debt and want to stop paying back minimum payments on your credit cards, or the little bit more that you can afford to pay each month, only to find out that the next month's bill is even worse, and you didn't even spend any more money on the card, you need to clearly understand your options! Debt Settlement works when you're not paying monthly junk fees. You know what junk fees are; the fees that some other person in a debt settlement company is lifting from your pocket to theirs, but with no different outcome to settling your debt. You see, there is no difference between which debt settlement company can settle your debt for a lesser percentage of the total debt. They will "All" settle your debt for approximately 50 cents on the dollar. Don't expect more even if the very persuasive salesperson calling you says they can settle your debt for less. They are reading from a script, and reality is that the faster you pay back your settlement, the lower you can pay back percentage wise. Stretching your payments out doesn't help you, it hurts. If you're going to settle your debt with a debt settlement company, muster up as much as you can possibly afford each month, as this enables the company to settle your debt for less. Remember, debt settlement companies exist to provide a service, and that service should cost you 15% of your total debt, but there should be no monthly service fees or maintenance fees. NOTE: Every single debt settlement company in the nation must use a third party processing company to move your money (debit your account) from your checking account to your special purpose account (this is the account that is used to settle your debt.) They charge approximately $9.00 each month, and no debt settlement company in the nation can avoid this fee; do not confuse this nominal fee with any other monthly or maintenance fee. advertisement | http://SettleMyDebt.TV For instance, you'll speak to a debt settlement agent over the phone, and they'll say that they are settling your debt for a percentage on the dollar, and they'll explain that your fee is 15% (which is the going price across the board to settle your debt from any back-end debt settlement company); but what they typically fail to make clear is that you will also pay an additional monthly fee or fees frequently named on your agreement as: "maintenance fee", "processing fee", "application fee", "settlement fee", etc. The aforementioned "fees" are all bogus, added on by someone who figures that you're not smart enough to know the difference. Hello! Debt Settlement Fees - Just say No! These additional fees are pitched to sound reasonable to you, so you say "duh ok, I'll pay them" - please do not! Monthly Maintenance and Service Fees: There is no such thing as a "maintenance or whatever fee"; the debt settlement company is given the option - by the processing company that collects your money once you send it in - to add these extra fees onto your bill. Not kidding! They are pure junk fees - just someone saying "let's charge this too, they'll never notice the difference." If you pay $50 extra a month in junk fees, multiplied by the 24 to 36 months it's going to take to pay your debt program off, you'll have added another $1,200 to $1,800 to the bill. Please pass this information on, as I've got a hunch, many are being told otherwise. Finally Revealed; "You Do Not Have to Pay Monthly Junk Fees To Settle Your Debt!" http://SettleMyDebt.TV - "Proper Debt Settlement" - Settle My Debt Dot TV - Fastest and Least Expensive Debt Settlement! % % % Offer Proper Debt Settlement - Offer Debt Settlement with No Monthly Junk Fees! Our Clients Love Us and They'll Love You Too! A Director of the Company Will Contact You After You Submit Your Information to http://DebtSaver.US Debt Saver Dot U S Thank you, Richard Preisig aka Rich Preisig Article Source: http://EzineArticles.com/?expert=Rich_Preisig
Offering Debt Settlement With No Monthly Service
Fees Can Spring Board Your Core Business For Years To Come. By http://EzineArticles.com/?expert=Rich_Preisig Gain Your Clients’ Ongoing Trust With No Monthly Service Fees ... Or Are You The One Holding The Red Flag? If your core business is mortgage services,
loan modification, credit repair, or if you’re an attorney, accountant or
advisor just offering debt settlement to your clients because it’s in vogue
right now, be sure to preserve your reputation by not offering debt
settlement with extra monthly maintenance fees or service fees. Rich Preisig states, "it’s so gauche (adjective: lacking social grace, sensitivity and tact), and it can really make you look like you steal money for a living from people who are already down on their luck." In fact, by presenting debt settlement to your client as a suitable option, you will more likely gain their business and ongoing trust by explaining that you want their ongoing business (mortgage, credit repair, real estate services, etc.), and this is just one way you are looking out for them. Out of the gate, you’re advising them that you will save them the $1,800 they would have spent with any other debt settlement company. Let’s face it, it’s hard enough to get a client, and this is a perfect opportunity to build a relationship whereby you can now add them to your core business services. Your customer acquisition cost of attaining this new client
lessens with every new service you bring them and when they successfully
complete the next service you have to offer them. This cost-conscious mentality provides you with a
self-propagating business after a while; clients are now calling in,
referring your business to friends and family. Affiliate Registration - Debt Settlement with No "Junk Fees"! |
Close 200+ Debt Settlement Deals Every Month, Yeah?
As U.S.
households take on even more credit card debt each month; just to pay their
bills, debt settlement companies and their affiliate offices are raking it in.
One would say it's a great time to be in the debt settlement Industry, but will
you be an affiliate office that has 10 agents and can only close 75 deals each
month or will you and your 10 people close at least a deal a day each, and
close 200 plus debt settlement deals every month?
Each and every day, once mortgage offices, now loan modification professionals, are adding debt settlement to their array of services. And it's to be expected, as Reuters states, "Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter as a record number of cash-strapped consumers fell behind on their bills."
To set the stage, let's quantify the amount of money, these said debt settlement offices, with only 10 agents, are making each and every month.
Let's assume that the average debt settlement deal is $25,000 and the aforementioned affiliate office that is closing 200 deals per month is getting 10 of the 15% collected in fees.
- 200 deals at $25,000 equals $5,000,000 per month in total debt load.
- $5,000,000 x 10% = $500,000 in commissions generated each month.
- For purposes of clarity; the $500,000 in commissions generated is paid out over time.
So let's go back to how are these debt settlement affiliate offices closing 200 deals every month?!!
Just like when you buy a diamond and the 3 "C's" clarity, cut and color are the variables to examine to determine its worth, you also have specific (above all) variables that you must have in place before you can expect to experience this amount of volume or more.
First, your Payout: Work with a company that is going to pay you at least 10 of the 15% collected in fees from day one. It costs you real money each month to maintain your infrastructure, so you need to be able to recapture your overhead and more with a respectable payout.
FYI: Do not pay any debt settlement company a setup fee. Those in the know, would say, "only someone new to the industry would be gullible enough to pay someone to send them business."
Second, Client Retention: Remember, when your client stops paying into their debt settlement program, you stop getting paid, so it's of the utmost importance that when your client makes payments, they see that 50% of every payment is going towards actually settling their debt.
Regardless of what anyone tells you, there is a general rule in the debt settlement industry; a debt settlement company will experience greater customer retention when it applies more of the customers money to their Special Purpose Account, than less.
Next, Monthly Service Fees: Work with a Company that does not charge your clients monthly service fees. These monthly "junk fees" add up to 50% or more of the originally agreed upon 15% to settle their debt meaning; if a debt settlement company is charging $49 a month in service and maintenance fees on a 36 month program, they just added another $1,800.00 to the customers overall fees.
Agents working at such companies should be aware that if they're not fully disclosing these monthly service fees in conjunction with the 15% being charged to settle the clients debt, you're at best, glutton for punishment.
In Summary: 1) Make sure you're getting 10 of the 15%.
2) Make sure that at least 50% of every payment the client makes goes towards settling their debt. This will insure that your client completes the program and likely brings you future business.
3) Represent the debt settlement industry, not the junk fee industry. Work with a company that doesn't charge monthly fees. You're not getting any of the money anyway and if you are, you're now liable for the aforementioned disclosure issues. Find alternatives below.
Going forward, your agents can say with pride and conviction;
"Mr. Smith, It's safe to say that you're going to settle your debt with or without me right?
"YES"
You just want the best deal and want to work with a company that you can trust ...
am I right?
"YES"
What if I told you that my company doesn't charge any monthly service fees ... None!
And we also put 50% of every payment you make into settling your debt.
Mr. Smith, every other company out there is going to charge you an additional $25, $35 and even $49 a month in junk fees, and they're not even going to tell you about it.
We charge nothing, zero. And with 7 out of 10 debt settlement companies taking 75% or more of your first payment, again ... we apply 50% of every payment you make towards your settlement account!
If you can say these things to your clients, your agents will close at least one deal per day, each.
This "value" that you're providing your clients will give your agents the competitive advantage they need to compete more effectively and close more deals.
Offer Debt Settlement with Class.
Submit Your Application here - http://merchleads.com/NewOffice.html and you will be contacted shortly.
Settle Your Debt - http://www.merchleads.com/Settle-Your-Debt-here.html
Read more articles by Richard Preisig at http://richpreisig.com
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