The Do It Yourself Bailout – Part Two of Jonathan's Interview with Kenny Golde

Have you ever wondered what it takes to settle your debts for pennies on the dollar?  Recently I interviewed someone who started with $250,000 of credit card debt and with tenacity and focus, has managed to eliminate more than half of this debt through negotiation.  Here is part two of my conversation – it lasts about 8 minutes.  Kenny and I discuss the psychology of debt collection and the importance of seeing debt negotiation as a business transaction free of emotions or guilt.  "You are the CEO of your own corporation," Kenny advises.  Part 3 will be posted tomorrow.

Link to WalletPop article discussed by Kenny in this segment

Link to Kenny Golde's book "The Do It Yourself Bailout."