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When it comes to different kinds of debt relief options available in the market, bankruptcy and debt settlement appear as two main methods through which the people are trying to get rid of massive debts. Even though some people have a misconception that both of these methods are carrying the same results, in reality, it is completely different.

In fact, if you are trying to eliminating massive unsecured debts through one of these methods, it is essential to know what the best method in the present market is. As a matter of fact, if we take bankruptcy, it is evident that many people are trying to eliminate debts through it as they think that it is one of the easiest methods they can use to get away from debts. But, in practical situations, bankruptcy is creating a lot of problems.

Even though a person could reduce his/ her liabilities through bankruptcy, it will have bad outcomes on his/ her future. For instance, a person who files bankruptcy might get rejected from future bank loans, face difficulties in finding new jobs, apartments, etc. So, filing bankruptcy should be the last option of a person who tries to get away from credit.

But, in the present, debt settlement has become much safer than filing bankruptcy. Especially, with the introduction of new laws by the Federal Trade Commission, there is no space for fraudulent settlement companies anymore. In fact, only the most legitimate companies will be able to survive in the financial field. Moreover, as people can eliminate their debts even up to 60% through settlement, it has become very popular among citizens.

In addition, the people who use settlement as their credit elimination method will not face bad outcomes like in bankruptcy. Actually, when bankruptcy and debt settlement are considered, settlement undoubtedly becomes the best option in the present market especially due to the attractive way it guides its consumers.

Do it yourself debt negotiation is difficult but only because you do not know how to do it. There are several success stories of people who have reduced their debts on their own and you could be one of them if you just give it a try. However, the key to succeeding is to know what is at stake. What you know of negotiating debts will get you that financial freedom that you have been dreaming about.

All debt situations are unique so there is no one formula to negotiate. Not to mention the fact that you will be dealing with creditors from different types of debts. There are, however, general tips that you can keep in mind to provide the debt relief success that you are aiming for.

On top of the list is to always mention bankruptcy. When debt negotiation or debt settlement is considered, it also means you are in dire financial situations. If you fail at this, your only option is bankruptcy. Creditors are scared of bankruptcy because this means there is a chance that they get nothing at all. They will be more likely to accept a settlement as it is a promise that they will receive even a small percentage of the debt owed. That is better than getting nothing after a bankruptcy judge rules it to happen. They will be powerless to come after the debtor once the court passes judgement. This is especially true for unsecured creditors.

The next tip is to aim for 50% or more in terms of debt reduction. Begin with a very low offer – like 20% or 25%. The creditor will offer a higher percentage for sure. Just be firm and do not agree to an amount that you cannot afford in the first place. Keep negotiating and explain that you cannot afford payments if they are higher than what you can pay for.

It is also important that you have cash on hand to offer your creditors. All debt settlement companies will ask you to stop paying your creditors and put that amount in a safe account instead. As you go through the negotiation process, you will grow that amount so you have something to offer once the negotiations are in full swing.

Through all of this, keep your eye on the bigger picture. Not all debts can be negotiated and this is usually limited to unsecured debts. Secured debts may be more difficult to reduce but here are tips that you can use if you have to negotiate with various creditors.

Credit Card Companies. These are practically the easiest and most negotiated debt among the others. They are more inclined to accept a settlement because they are the first to be discharged when the debtor files for bankruptcy.

Other Unsecured Loans and Personal Loans. This can be approached in the same way as credit card debt.

Debts with Local Merchants. If you have debts with any merchant, you can approach your debts just like your credit cards. These are among the first debts to be discharged during bankruptcy.

Mortgage Lenders. While debt reduction is usually not possible, you can negotiate for a loan modification. This will get you lower monthly payments but that is because you will be extending your term. If you have a loan with a small or local bank, your chances of getting an approval is more likely. A home refinancing can also be an option instead of opting for a foreclosure.

Other Secured Loans. Similar with mortgage lenders, it is usually easier to negotiate if you have a loan with a small bank. Bigger banks make it next to impossible to get a loan modification. But with a smaller bank, you can follow the usual techniques as those done with a credit card company.

Student Loans. This is one of the loans that cannot be discharged by bankruptcy so a debt reduction negotiation may not be possible. There are government programs that can help in reducing their monthly payments and sometimes, cancel the entire loan. However, you need to be qualified to avail of that privilege.

When you are in doubt, it is always best to get the aid of a debt professional. You may also consult a bankruptcy lawyer to give you advice on the right path that you should take towards getting rid of your debts.

Business presentations are a collateral reflection of who you are. A glimpse of your personality could be seen in the ways and the content of your presentation.

The way you carry yourself, the way you speak, deliver your sentences, tackle tricky questions with confidence and successfully convey your message, speak volumes about your personality.

Still, there are much more ways in which you can support your business presentation to reach its maximum potential.

HIGHLIGHT YOUR SUPERPOWER

A positive way to keep your audience attentive to you is to show them that you are worth their time and trust. Rather than speaking about your achievements and future goals, speak about your credibility because if even little points will exist with which the crowd will not feel connected to then the tables will instantly turn.

Talk about your goals within the first few minutes of the presentation

Choose your presentation design which corresponds with your goals, which should be introduced to your audience as early as possible. This will help your audience to correlate what you are expressing with the ‘why’ and ‘what’ you want to achieve.

Never underestimate the impact of a powerful image/quote

A business presentation is usually a collection of fertile ideas, knit together as one to illustrate a larger picture. So, the smart use of different images/quotes to introduce different ideas will supply more power to your presentation. Vocalising the quotes or speaking few important words out loud will bring your presentation to life, especially if the presentation has numerous bar graphs, bullet points, and pie charts.

GIVE YOUR AUDIENCE THE POWER TO BRAINSTORM OVER YOUR QUESTIONS

One of the unbeatable ways to make your presentation more interactive is to begin it with a question which you, yourself will answer. Like you can start with “I asked myself what all can my team will be able to do and contribution for making this project a success?”. So, based on this question you can build up your presentation. Be alert to all the questions from your audience as they are icebergs of curiosity. The more you will suffice your audience, the stronger their trust will grow in you.

Be ready to tackle tough questions

Always be confident and logical at answering the questions from the audience. There will always be questions whose responses if given without solid facts and coherence, will put your image down in your crowd’s eyes. If you know your topic as well as you’re your audience, then always keep your business binary clean and do not ever shelve any question from the audience.

KEEP YOUR OWN QUESTIONS READY IF NOBODY ASKS YOU ANY

It could be a possibility that your audience is shy or somewhat hesitant to ask you questions about your presentations. Always remember, if you face this kind of a situation, then always compose a question to yourself because ‘zero curiosity’ turns into ‘zero interest’ overnight.

Take your crowd on a final journey

Always take your crowd on a final journey before you wrap up the presentation. Highlight all the important points and tell the crowd how they will be productive if given proper attention by the appropriate crowd.

Keeping the immense support in mind which we get from the PowerPoint presentations, one should also be able to support her/himself equally well during the closing moments of the presentation because humans invented the PowerPoint and not vice versa.