The “Do It Yourself Bailout” – Part Five 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 Kenny Golde, a self employed filmmaker who found himself almost a quarter of a million dollars in debt when when a business deal fell victim to the economic downturn.   Using negotiation techniques he developed (and has subsequently written about in a book), Kenny has managed to eliminate more than half of this debt through negotiation.  Here is part five of our conversation – it lasts about 7 minutes.  In this segment, Kenny notes that most lenders will not consider negotiation with you until you are 90 days late.  He also talks about credit scores – and why this number is less important than most people think.  Part 6 – the final segment – will be posted tomorrow.

Link to Kenny Golde’s book “The Do It Yourself Bailout.”