Financial stress can be troublesome. If you're in need of a debt settlement letter or proposal or if you're in the process of dealing with an aggressive collections agency, then it's likely things are not going very well. Stress levels are probably through the roof as financial stress is usually considered to be the worst stressor of all.
Of course, collections agencies can be ruthless in how they try to get you to pay up. I once knew someone with debt problems and the collections agency had her number on speed dial. However, she had no idea how to deal with it and the chances of her knowing what to put into a debt settlement letter were slim to none. The movie, Confessions of a Shopaholic starring Isla Fisher, pokes fun at the issue in a romantic comedy kind of way, but for people who are in deep, it is no laughing matter
Anyways, with my friend, the agent would make daily calls and either pretend to be her best friend in order to get information out of her or else the calls would be abusive and cruel and use the information against her. Sometimes they were quite violent. It was usually the same agent, but occasionally, someone else would call and the whole thing would begin again. This went on for years and she was powerless to change it because she didn't know her rights and she had neither the money to pay the debt nor the knowledge to come up with a way to change her situation and find the money.
The mail was also cruel to her. The average collections letter she received was rude and intimidating. This poor woman spent much time in tears and she was in very bad shape from a health perspective.
The vicious cycle of her life was very sad to see. Her finances were a mess, her marriage was a mess, and her health was a disaster. Her only saving grace was a reasonable housing arrangement for herself and her three kids and a very supportive family.
Thankfully, because of her support systems, she was able to provide a reasonable level of care for her children. This woman also had an indomitable will, which served her very well. Now, if she could just figure out how to prepare a well-written debt settlement letter or proposal, she might be able to get the problem sorted out.
Others are not quite so lucky. Most have never even heard of a debt settlement letter and they certainly aren't aware of the fact they are well within their rights to challenge debt collection companies. The stress that they feel as a result of their financial mess often leads to addictions, which, of course, only makes a financial problem even worse.
But, there is another choice. Solving a financial wellness challenge and getting out of debt is like solving any other problem. It takes increasing your knowledge and your awareness and it takes learning some new skills, such as assertiveness and self-confidence. With the right blend of wellness tools, anyone can solve any problem, no matter how low the starting point.
So if you get a collections letter in the mail or if some ruthless collections agency has you on speed dial, don't freak out because there are many options open to you. Get started by taking a look at these sample debt settlement letters and other tools. They can really get you on the right track to solving your financial stress.
It would also be a GREAT idea to learn EFT (Emotional Freedom Techniques) so you can leave emotions at the door when you are writing your debt settlement letter and trying to solve your financial crisis.