Attention Financial Professionals! Get Your Clients Out of Debt Up To 3X Faster With Wildfire Debt Elimination Software!

Bankruptcy should be considered the option of last resort. Filing for Bankruptcy could be a life changing experience one should make every effort to avoid.

What Is Bankruptcy?

Bankruptcy is a legal proceeding that enables the insolvent person deals with a financial crisis by relieving them of their financial obligations to pay their unsecured debts.

Bankruptcy is filed and administered by a licensed trustee in bankruptcy or Bankruptcy Lawyers. The insolvent person is required to pay the trustee fees for nine to thirty-six months.

The trustee fees and length of payments are dependent on the debtor’s surplus income, assets, the desire of the debtor to retain ownership of some of those assets and whether the bankrupt is a first time, second time or third time bankrupt. Once the last payment is made, the trustee will apply for the insolvent’s discharge from bankruptcy.

Bankruptcy is a serious step and not one I recommend lightly. However, it can be a legitimate option for those who need a fresh start.

Let’s explore the advantages and disadvantages of Filing Bankruptcy strategy.

Advantages of Bankruptcy

Bankruptcy eliminates unsecured debts, stops harassment calls from collection agencies, lifts garnishment orders, and stops any legal action against the debtor by its creditors.

The bankrupt person is required to attend two mandatory counseling sessions that teach money management skills such as budgeting, how credit card interest works, and how to avoid the pitfalls that forced that person into bankruptcy in the first place.

Disadvantages of Bankruptcy

Often, when people consider bankruptcy, they don’t appreciate the potential for a psychological fall out that can last longer than the financial effects caused by the bankruptcy.

Bankruptcy will have a serious impact on your personal life and credit score for six years or longer. During that time, the debtor credit report will report that the debtors has filed for bankruptcy, and when.

How to help your client succeed with its Bankruptcy?

Leveraging bankruptcy as a strategy to deal with your client debt doesn’t solve the problems that create the delinquency in the first place. You can plan your client bankruptcy and help them through the recovery process. Using the Money Coaching Software Platform, you can personalize a plan to help your client cope with their Bankruptcy and smooth their transition gradually to putting financial house in order. You can help your client

Get to know their current financial reality

Determine their Net Worth and put strategies to improve their net worth gradually

• Define their life goals and priorities
• Find the cash they never know they have
• Implement a spending plan/budget, fund their life goals and costs of living
• Track actual expenses and measure against estimated expenses to bring further balance to their cash flow
• Commit the savings to funding their Save-Me-From-Debt and 911 funds
• Make sure they honor the terms and conditions of their bankruptcy so; they can successfully complete the bankruptcy

Bankruptcy is a life-shattering experience. You can help you client go through the bankruptcy process with ease using the Money Coaching Software Platform.

In Summary

The ULTIMATE Money Coaching Software Platform is Unique in the marketplace. Leveraging the software encompassing financial planning functionality empower you to deliver a superior value proposition and make you the GO-TO expert in your local market.

You will be able to deliver these debt elimination strategies with ease and earn significant money doing it. Click here to evaluate for FREE.

You will close 100% of your transactions and enjoy a stream of qualified leads for years to come.

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What is Consumer Proposal?

A Consumer Proposal (Canadian) or Wage Earner Plan/Chapter 13 (USA) is a legal process that is filed and administered by a licensed trustee in bankruptcy or bankruptcy lawyer. It enables the debtors to restructure their financial affairs. This option creates an opportunity for the debtor to make reasonable, interest-free payments to creditors’ for up to five years. The debtor can retain all their assets and avoid bankruptcy.

Let’s explore the advantages and disadvantages of Consumer Proposal or Wage Earner Plan strategy.

Advantages of a Consumer Proposal or Wage Earner Plan

A consumer proposal or Wage Earner Plan is an ideal choice for persons employed within the financial industry. These individuals are better served by filing a consumer proposal and are urged not to file for bankruptcy. A proposal to creditors is not the same as filing for bankruptcy, even though they are governed by the

Bankruptcy Act in many jurisdictions.

The debtor is required to attend two mandatory counseling sessions about budgeting, money management, and credit education.

This is an advantage that not only helps you figure out what went wrong, but it will also help you find new ways to budget, pay bills, and spend money. These counseling sessions lessen the occurrence of the same financial situation in the future.

Disadvantages of a Consumer Proposal or Wage Earner Plan

A consumer proposal or wage earner plan will have a negative impact on your credit score. Also, your client credit report will show that a proposal has been filed, and stays on their credit bureau for six or more years. Your client credit score will drop to an R9 status (Account is flagged as bad debt, placed for collection, or account is in bankruptcy) for the duration of the proposal (three to five years). It will then change to an R7 (Account is consumer proposal or credit counseling).

How to succeed your Consumer Proposal?

Leveraging Consumer Proposal as a strategy to deal with your client’s debt doesn’t solve the problems that create the delinquency in the first place. You can plan your client succeed with its proposal and help them through the recovery process. Using the Money Coaching Software Platform, you can personalize a plan to help your client cope with the proposal and smooth their transition gradually to putting financial house in order. You can help your client:

• Get to know their current financial reality
• Determine their Net Worth and put strategies to improve their net worth gradually
• Define their life goals and priorities
• Find the cash they never know they have
• Implement a spending plan/budget, fund their life goals and costs of living
• Track actual expenses and measure against estimated expenses to bring further balance to their cash flow
• Commit the savings to funding their Save-Me-From-Debt and 911 funds.

Make sure they honor their consumer proposal terms and conditions so, they can successfully complete the proposal.

Did you know the Money Coach Software Platform enables you to implement consumer proposal plan?

Click to explore how this Debt Consolidation Software works.

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Credit Counseling is not debt consolidation – Credit counseling is a proposal to pay all the outstanding balances in full over a maximum 5-years with a freeze on interest accrual.

What is Credit Counseling?

If your client is behind on paying its unsecured debt, credit counseling agencies can help the client gets back on their feet. Credit counseling is an arrangement to pay your client’s outstanding balances over a maximum 60-months interest-free (some lenders may not lower their interest rate to zero or accept a payment plan).

Please note, this credit counseling is a NOT legally binding arrangement and not all your creditors would participate.

Credit counseling is the same as debt management. As long as the debtors commit to a debt management plan, Credit counseling agencies offer great support and can teach numerous money management skills. Including, how to establish and follow a budget.

They also offer many insights on how to avoid certain debt pitfalls in the future.

Credit counseling is one option that debtors should seek to avoid bankruptcy. Fifty percent of people who engage credit counseling services complete their plans, the other half, drop out or file for bankruptcy.

If you want to refer your client to a credit counseling agency, I suggest to:

• Use a non-profit credit counseling organization
• Advise your client to avoid paying upfront fees
• Engage ethical and reputable credit counseling agencies
• Avoid agencies that promise to relinquish debt for pennies on the dollar (reputable agencies do not make such promises)
• A word to the wise: remain cautious when choosing a credit management company. The industry has many fly-by-night outfits that can disappear with your money, and damage what remains of your client’s credit.

Credit counseling may not be an option if your client’s debt load is too heavy. Creditors have a limit on the minimum money that they are willing to accept as a settlement on their debt.

Credit counseling company may not be able to help every debtor eliminate its debt.

If this is the case, a Consumer Proposal (Canadian) or Wage Earner Plan/Chapter 13 (USA) may be your client best option.

Using the Money Coaching Software Platform, you can plan and manage your client’s proposal or even bankruptcy.

Let’s explore the advantages and disadvantages of Credit Counseling strategy.

Advantages of Credit Counseling

Credit counseling offers an end to the debtor’s creditors harassment or legal action. If the debtor follows their directions, the debtor will learn new money management tools and skills that will serve them well throughout life.

Disadvantages of Credit Counseling

Creditors will report to the credit bureaus that your client is in credit counseling. This demonstrates an inability to take care of your financial affairs which adversely affects the debtor credit worthiness for a minimum of seven years. Credit Counseling impacts the debtor’s credit negatively.

The result, the debtor, will end up paying all its outstanding debts without interest over a maximum of five years.

Who Pays The Fees Of The Credit Counseling companies?

The lenders themselves pay most credit counseling companies’ fees. They get paid by holding back a certain percent of the debtor payments for their fees.

Some critics complain that the credit counseling industry is just a tool of the lending industry.

How to help your client succeed with their debt management plan?

Leveraging credit counseling as a strategy to deal with your client debt doesn’t solve the problems that create the delinquency in the first place. Your client would benefit greatly from having a debt elimination plan in its life. Your client needs help putting its financial house in order. You can help your client:

• Get to know their current financial reality
• Determine their Net Worth
• Define their life goals and priorities
• Find the cash they never know they have
• Implement a spending plan/budget, fund their life goals and costs of living
• Track actual expenses and measure against estimated expenses to bring further balance to their cash flow
• Commit the savings to funding their Save-Me-From-Debt and 911 funds

The Monthly plan review will keep your client motivate and on track with their debt elimination plan

You can help your client get out and stay out of debt for life. The Money Coaching Software Platform helps you deliver this superior value proposition.

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Debt settlement deals with unsecured credit only. Your client, yourself or third parties can negotiate the settlement. Debt settlement will reduce harassment from creditors. Debt settlement involves paying 30-70% of the delinquent debt. The creditors require full disclosure of your client’s financial affairs. Based on that disclosure, they creditors may accept or decline the debt settlement offer. If the offer is accepted, the creditors then determine the settlement amount.

Debt Settlement has the following prerequisites:

• Unsecured debts must be three or more months in arrears (settlement is not an option on secured debt such as a car or a house).
• A lump sum amount of cash is required to make a final payment on an agreed amount for settlement. Making installment payment is rare in this circumstances.

Let’s explore the advantages and disadvantages of debt settlement strategy.

Advantages of Debt Settlement:

If your client has one or two credit accounts to settle, you may be able to settle all delinquent debts on their behalf. A settlement will stop collection calls and legal action from creditors. Debt settlement can save 30-70% up front, plus the interest. Debt settlement lowers your overall client indebtedness.

Disadvantages of Debt Settlement:

Debt settlement will not be a gold star on your client’s credit report. Here are some of the disadvantages:

• The settlement amount must be paid in full
• Settlement will impact your client’s credit negatively

Providing your client pays on time its payment obligations, the negative impact is short lived. Your client credit rating will gradually recover.

Who Pays the Fees of the Debt Settlement Companies?

Debt Settlement service is not free. The client pays the fees directly or indirectly. Debt settlement companies charge a percentage of the total debt or a percentage of the debt savings.

Some Debt settlement companies charge an upfront fee, while others deduct their fees from the payments made to creditors.

How to succeed in making a debt settlement?

Settling your client’s debt load does not solve the problems that create the delinquency in the first place. Debt consolidation loans work well for individuals who stop relying on credit to pay for their living expenses, change their spending behaviors and embrace the concept of financial planning.

You can work with these clients to help them gain control over their finances. You can do this by using the ULTIMATE Money Coaching Platform.

The Platform helps you personalize a comprehensive Financial Plan for your client. The Financial Plan maximizes your client’s chances to succeed with their debt consolidation effort. The plan helps your client:

1. Define their life goals and priorities
2. Find the cash they never know you have
3. Implement a spending plan/budget, fund their life goals and costs of living
4. Track their actual expenses and measure against estimated expenses to bring further balance to their cash flow
5. Implement a debt elimination strategy to deal with the current outstanding debt
6. Implement the $5 per day strategy to become debt-free
   Commit the cash flow saving to fund your Save-Me-From-Debt and 911 funds

There is more than settling on existing delinquent debt. The Money Coaching Software allows to deliver this life-changing plan – check it out.

Click to explore how this Debt Consolidation Software works.

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On the surface, a debt consolidation loan is a good strategy to become debt-free.

Many consumers are convinced they need debt consolidation loans to manage their debt loads.

People are hungry for debt consolidation loans. They beg and steal to get debt consolidation loans. What is the obsession with debt consolidation loans?

Many are failing with consolidating their debts and adding more debt every day.

Let’s shed some lights on why this a problem for many people!

What is a Debt Consolidation Loan?

“A Bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.” – Mark Twain

A debt consolidation loan is a refinancing process that allows the borrower to pay off existing debt by borrowing money from a new or existing lender. The new loan can be a secured or unsecured loan.

You know that no Bank will take the risk on extending your client a debt consolidation loan if they have too much debt and a challenged credit.

Let’s explore the advantages and disadvantages of debt consolidation loan as a debt consolidating strategy.

Advantages of Debt Consolidation Loan

A debt consolidation loan has many advantages:

• Debt consolidation loan comes with lower interest rate, especially if the loan is secured by a real estate property
• Reduces monies spent on interest
• Enables your client to have one low monthly payment, versus many
• Improves their monthly cash flow

Sounds great, doesn’t it?

Before you encourage your client to apply for a debt consolidation loan, let’s look at the disadvantages.

Disadvantages of Debt Consolidation Loans

• This list exposes few disadvantages of debt consolidation loans:
  Consolidation loans are a bandage. This type of loan does not solve long-term financial problems
• The deadliest form of a debt consolidation loan is a private second mortgage. The interest rates and fees often exceed the current cost of servicing existing debts. In most situations, they make matters worse
• Debt consolidation loans make it easier to accumulate more debt. With more money, left over at the end of the month, many people start using their credit cards again and continue with poor spending habits
• Secured Debt consolidation loans convert unsecured short-term debt into secured long-term debt and disguise the cause of financial problems.
• Most people, who take these types of loans, end up owing more money over time and end up in a negative equity position with their home. That is especially true if the real estate market corrects negatively
• The second most deadly form of a debt consolidation loan is when the client finances its home and amortize the mortgage for thirty years or longer. The monthly payments are lower than the payments required to service the current debt load, but more interest is paid over the long-term
• Debt consolidation loans take longer to pay off
• Debt consolidation loans cost more in interest over the long term

Enough drama about debt consolidation loan and why this strategy is a perfect one.

I am not saying stop doing them or stop arranging mortgages and second mortgages to consolidate your clients’ debt load. I am saying there is a better way to help your client success with their debt consolidation loan.

Humor me for a minute, and keep reading!

Why Debt Consolidation Loans Fail

Debt Consolidation loans often fail because they don’t address the cause of your client’s debt. These loans simply reduce the negative symptoms caused by bad debt without actually treating the related causes such as poor money management skills, and the absence of a budget.

Generally speaking, many people who consolidate debt will manage to build a sizeable debt load within twelve to eighteen months after taking that debt consolidation loan. Often, ending up in the same financial situation as before.
Sounds familiar, doesn’t it?

How Can Your Clients Succeed With Their Debt Consolidation Loans?

Debt consolidation loans work well for individuals who stop relying on credit to pay their living expenses and embrace the concept of financial planning.

This is where you can make a difference in your clients’ lives.

Don’t give your clients debt consolidation loans without a comprehensive plan that ensure their success with their money.

Give your clients debt consolidation loans, but integrate these loans into overall financial plans that help your clients become debt-free in record time.

You can do this by using the ULTIMATE Money Coaching Software Platform. The Platform helps you create a comprehensive Financial Plan for your client. The Financial Plan maximizes your client’s chances to succeed with their debt consolidation effort.

• Define and fund their life goals and priorities
• Implement a spending plan/budget, fund their life goals and their costs of living and keep their eyes on their cash flow to keep it in line with their planned budget
• Track actual expenses and measure against estimated expenses to bring further balance to their cash flow
• Commit the savings to funding their Save-Me-From-Debt and 911 funds
• Commit to adding no new debt
• Debt consolidation loan is a product that fails many people
• A comprehensive financial plan that integrates the debt consolidation loan among other clients’ resources is a sure way to succeed with their debt consolidation efforts

Did you know the Money Coach Software Platform excels at implementing various debt consolidation strategies including the consolidation loans?

Click to explore how this Debt Consolidation Software works.

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Becoming debt free on $5 per day is the best debt consolidation strategy anyone can buy. The good news, the strategy does not require a debt consolidation loan or refinancing a real estate property to eliminate one’s debt.


This debt free strategy is real – not hype. To get more details, visit my website GeorgeKaadi.com and download my book “The Family CFO Return.” My book gives you the mechanic on how to implement this debt consolidation strategy.

Let’s explore the advantages and disadvantages of this unique debt elimination strategy.

Advantage of becoming debt free on $5 per day strategy

There is no need for a debt consolidation loan. The strategy revolves around finding a minimum of $5 per day in savings, and strategically pay down the debt load while keeping an eye refraining from adding any new debt. The strategy delivers debt freedom in record time.

Disadvantage of becoming debt free on $5 per day strategy

Honestly, the are no disadvantages to this strategy. You are not taking on any new debt consolidation loan. On the contrary; you are eliminating debt without the need for a debt consolidation loan.

How can you help your client become debt free on $5 per day?

You can help your client implement the strategy by putting a financial plan that helps your client look closely at its budget, find the $5 or more in savings, fund its Save-Me-From-debt fund, implement the $5 debt elimination strategy and the create its 911 fund.

You can charge for the plan, or you can give it away as a strategy to retain the client for further business. The Money Coaching Software Platform makes the delivery of this UNIQUE strategy a winner for you and your client.

Refinance the client’s home as a Debt Consolidation.

Refinancing the client’s home to pay off debt is a debt consolidation loan secured by real estate.

The mortgage is the most complex product your client will ever deal with in its life. The mortgage needs to be managed properly. There is more to a mortgage than what is the best interest rate.

I want you to know that “Home equity is to be conserved not to be consumed.”

I am a not suggesting that you stop arranging mortgages to help people consolidate their debts. I am suggesting putting a mortgage plan to manage the overall client finances effectively.

If remortgaging your client’s property is a must to pay off its unsecured debt, I am sure you are aware that your client is converting its unsecured debt to secure debt. Also, you know that your client did not pay off their debts, they simply added their debt load along the closing costs to their new mortgage. This means your clients kicked down their debts 25 or 30 years down the road.

Should you refinance your client’ property to pay off its unsecured debt, I urge to create a debt elimination plan that adopts the following debt elimination system and tactics to pay off their mortgage sooner and avoid getting into debt again?

• Help your client develop, follow and commit to a spending plan.
  Help your client change their shopping behaviors and how they view money.
• Consider accelerating their payment frequency, e.g., bi-weekly accelerated.
• Consider shortening the amortization period. e.g., instead of amortizing their mortgage over 25-year, amortize their mortgage for 20-years or less
• Help them make use of prepayment privileges (if it is within your resources):
• Help them top up or fund your Save-Me-From-Debt and 911 funds.
• You can deliver a comprehensive debt elimination plan using the Money Coach Software Platform, deliver the debt elimination electronically for your client to follow online and stay-in-touch with your client to ensure their success with their plan.

Let’s explore the advantages and disadvantages of Refinancing the client’s property as a debt consolidating strategy.

Advantage of refinancing the client’s property as a debt consolidation strategy

There is a significant advantage to this strategy if your client follows the above-mentioned strategy. Your client could realize significant interest payment and become debt free earlier.

Disadvantage of refinancing the client’s property as a debt consolidation strategy

If the client refinances its property and amortize its mortgage for 30 years or longer, the client gets the warm and fuzzy feeling that they have dealt with their debt load; the client snowballed its debts and kicked it down to be paid down the road. The answer this debt consolidation strategy is a poison pill. This debt consolidation strategy encourages the client to consume its home equity and add more debt.

You have a superior value proposition over the Banks and your competitions. Help your clients take control over their money – give them debt elimination plans to become debt free. The Money Coaching Software Platform is the ULTIMATE software to deliver that WOW value.

Did you know the Money Coach Software Platform enables you to implement the best debt consolidation strategy without the need of a debt consolidation loan?

Click to explore how this Debt Consolidation Software works.

Time has come to embrace true debt elimination strategies instead of the debt consolidation strategy that the financial industry is dispensing as aspirin!

One dollar of debt is one dollar too many. Billions of people are in debt, and they are looking for a credible advice to shed their debt loads. The financial industry is pushing debt consolidation anytime the borrowers qualify for debt consolidation loans. They are dispensing aspirin (debt consolidation loan) for an unidentified illness. They are helping people convert unsecured debt to secured debt in most cases. What is the success rate of these people who are signing those debt consolidation loans? What about those who don’t qualify for debt consolidation loans?

The sad news is too many people are failing with their debt consolidation efforts. The financial industry and its stakeholders are earning an obscene amount of money in interest and fees.

Debt is crippling a countless number of households worldwide, and many are living paycheck-to-paycheck.

Statistics Canada in September 2016, reported the ratio of household debt-to-disposable-income is 168% – meaning households hold more than $1.68 in debt for every dollar of annual disposable income.

US household debt load is creeping back up, and student loans are ballooning despite a serious decline since the 2008-2009 recession. American household debt is almost at the pre-recession level.

The picture is grim for many households in the industrialized world. Here is a snapshot of the debt load they are carrying.


I want to challenge the debt consolidation loan industry – Banks, lenders, private lenders, mortgage brokers, loan originators, debt elimination advisors to closely to look at how they are dealing with clients’ debt and the debt consolidation loans that they are dispensing.

All these stakeholders have one goal and one goal only – their goal is to sell products, e.g., mortgages, debt consolidation loans and get paid for them.

Banks, mortgage lenders, and other lenders make interest on the debt consolidation loans they give out and earn fees.

Mortgage brokers, loan originators earn commissions and other fees from arranging debt consolidation loans.

The borrower gets a product. The borrower gets a debt consolidation loan or a mortgage. The borrower believes he or she has dealt with its debts. The truth is the client still has the same debt plus fees such as lender fees, brokers fees, legal fees, etc..

People want to become debt-free. Debt consolidation has failed the mass. They need to eliminate their debt. The only way to do that is to eliminate their debts – debt consolidation prolongs the debt struggle and makes things more expensive.

The public has been marketed to the way out of debt is to get Debt consolidation loans – debt consolidation misleads the public. The debt consolidation loan industry failed to address people need to get out of debt. Money coaches are coming to the rescue. There is a new industry that gaining momentum daily – that industry is money coaching.

The answer: Money coaches are coming to the table and asking daring questions no one dared or cared to ask in the past. The questions are:

• Why people do what they do with their money?
• What makes one person thrive financially while another continually struggles?

Money coaches understand that the subconscious money beliefs of each person dictate why each person do what he or she do with their money. And the answer goes beyond the numbers in each person life. Money coaches focus on the negative money beliefs deep rooted in childhood, and they are aware that no one can experience financial abundance and life fulfillment unless they synchronize their internal selves with their financial realities.

Money coaches also focus on putting financial plans in their clients’ lives to gradually help them gain control over their money to achieve peace and prosperity.

Money coaches are a big advocate to stop selling debt consolidation loans and arranging mortgage your property to pay off your debt as a solution. They are saying let’s integrate these products into comprehensive financial plans to help people gain control over their money issues – so money won’t become an issue. They are using the product as an integral part of a UNIQUE solution.

Money coaches are creating, implementing and monitoring comprehensive financial plans for their clients. They are helping their clients integrate their goals, income(s), expenses, liabilities, mortgage(s), investment(s) and insurance into an overall financial plan to:

• Live within a balanced budget that works,
• Successfully manage their home equity (if the borrower is a homeowner)
• Execute the appropriate debt eliminate strategy to help their clients become and stay debt-free for life
• Improve their cash flow and liquidity
• Create wealth
• Maximize tax deductions (if applicable)

This solution fairs better than here is your debt consolidation loan Mr. Client.

Call me; if you need a new debt consolidation loan in the near future.

They are providing a UNIQUE money coaching service using the ULTIMATE Money Coaching Software Platform.

What are these debt elimination strategies that money coaches and smart mortgage brokers, loan originators are implementing?

Debt Consolidation Alternatives

Below are the strategies you can implement in creating your clients’ financial plans. Which debt elimination strategy best serves your clients is subject to a thorough evaluation of the client’s income, debt load, and other financial resources.

Become Debt-Free on $5 Per Day Strategy is a unique life-changing strategy that almost every debtor can deploy to become debt-free in record time. The strategy is unique, simple and works for everyone. If you ask me, this is the only strategy every person with debt would ever need.

Refinance the client’s home to consolidate debt is a good strategy If the refinancing of your client’s property is a vital strategy to help your client become debt-free in record time if this debt consolidation strategy is properly implemented.

Debt Consolidation Loan Strategy is a good strategy if your client qualifies for a debt consolidation loan. The Debt consolidation loan can be secured and unsecured. If your client is burdened by debt and has a challenged credit rating, it is virtually impossible to qualify for a debt consolidation loan.

Debt Settlement Strategy is a good strategy if your client has 3 delinquent debts or less and have a lump sum payment to offer.

Credit Counseling Strategy is a good strategy if your client qualifies for it. Credit counseling is an arrangement to pay outstanding balances over a maximum of 60-months interest-free. Bare in mind this option is a NOT legally binding debt elimination strategy and not all your creditors would participate.

Consumer Proposal Strategy is a legally binding strategy. It allows the debtor to make a deal with its creditors and enables them to avoid Bankruptcy.

Bankruptcy Strategy – Bankruptcy offers debt relief and a fresh start, but it should be the last strategy the debtor should consider.

Let’s discuss each debt elimination strategy, details the advantages and disadvantages of each and how your client can succeed with the appropriate debt elimination strategy.

All these debt elimination strategies would help the debtor becomes debt-free, but they don’t address the money dysfunctions that led them to be in debt.

The money coach can help clients discover their non-serving money beliefs and gradually change their spending behaviors and non-working money beliefs. A Money Coach will also identify areas where the client may need in-depth financial counseling in a series of frequent face-to-face meetings.

Becoming, a money coach is a serious opportunity worth exploring.

Did you know the Money Coach Software Platform enables you to implement the best debt consolidation strategy without the need of a debt consolidation loan?

Click to explore how this Debt Consolidation Software works.

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