Contact: Helaine Ross Public Relations
310-246-1872
E-mail:hrpr@sbcglobal.net
KENNY GOLDE ANNOUNCES “THE DO-IT-YOURSELF BAILOUT SEMINAR,” SATURDAY, AUGUST 15TH, IN LOS ANGELES.
http://www.settleyourcreditcards.com/seminar.html
WHAT THE CREDIT CARD COMPANIES DON’T WANT YOU TO KNOW
Author Kenny Golde Shares His Secrets to Negotiating Settlements on Credit Cards in
“The Do-It-Yourself Bailout: How I Reduced My Credit Card Debt from
$212,000 to $30,000 in Six Months”
The Do-It-Yourself Bailout by Kenny Golde
Los Angeles, CA (PRWEB) April 2, 2009 — In “The Do-It-Yourself Bailout,” author/filmmaker Kenny Golde tells the story of how he reduced his credit card debt from $212,000 to only $30,000 in six months and avoided bankruptcy by negotiating settlements directly with major U.S. banks. The book relates the emotional journey that took him from the brink of bankruptcy to being nearly debt free. Golde’s story is meant to provide others who are struggling with overwhelming credit balances with the tools to settle their own debt. Based on his personal experiences, Golde shares the secret to dealing with intimidating collection agency phone calls, offers valuable tips on how to settle a lawsuit, tells readers how to get settlement agreements in writing and shares many other lessons from the trenches of debt warfare. http://www.SettleYourCreditCards.com.
In this failing economy, there are a growing number of entrepreneurs and individuals who, like Golde, are forced to cover both business and living expenses on their credit cards. “I was overwhelmed,” says Golde of the painful weight of his debt. “I was paying nearly $4000 a month in interest. I was afraid. I was ashamed. I withdrew from my family and friends. I couldn’t see a way out of this debt.”
In a June 16th article in the New York Times regarding credit card debt, it was revealed that “As they confront unprecedented numbers of troubled customers, credit card companies are increasingly doing something they have historically scorned: settling delinquent accounts for substantially less than the amount owed.” Most consumers are not aware that this possibility even exists. Only after meeting with a bankruptcy attorney, Golde learned that it was possible to negotiate settlements on his credit card balances, but after extensive research he found little helpful information that told him how he might do it. “All I found were debt settlement companies who advertised they could do it for me for a fee,” says Golde, “and it seemed they wanted me to believe I couldn’t do it myself so that I would have to pay them.”
Undaunted, he began negotiating with his creditors himself. In just a few months, Golde reduced his credit card balances by 85% and ultimately saved $115,000 in written-off debt. Among his successful negotiations, he settled one account with a $76,000 balance for $25,000 and another with a $39,000 balance for $15,000.
With the goal of helping others find relief from their unmanageable debt, “The Do-It-Yourself Bailout” presents consumers with an alternative to credit consultants and consolidators and empowers them to take on the banks themselves and potentially lower or eliminate their credit card debt without filing for bankruptcy.
Above all, Golde stresses the need to separate emotion and self-recrimination from debt, saying, “Every person out there is the C.E.O. of their own corporation, the corporation of ‘You.’ And you have the right to deal with finance and debt without emotion or judgment, the same way other businesses do.”
“The Do-It-Yourself Bailout: How I Reduced My Credit Card Debt from $212,000 To $30,000 in Six Months and Saved Over $100,000” is available on Golde’s website http://www.settleyourcreditcards.com and on Amazon.com. The CBS2/KCAL9 news report can be viewed at: http://cbs2.com/tv/Kenny.Golde.Credit.2.956987.html.
CBS2 and KCAL9 news in Los Angeles say, “This book is a must read.”
# # #
Kenny Golde is a film director, writer and producer, novelist, photographer and public speaker. He has appeared on the CBS News in Los Angeles, dozens of radio programs including the nationally sydicated Thom Hartmann Show, and has a feature article on “The Do-It-Yourself Bailout” appearing on nationwide newsstands in the September issue of Consumer Reports. His recent film credits include the WWII drama “Glass House,” the soon-to-be released “Uncross the Stars,” starring Academy Award nominee Barbara Hershey and Golden Globe winner Ron Perlman and “The Job,” starring Daryl Hannah. He wrote and directed for the Lifetime Television series “Intimate Portrait,” interviewing dozens of celebrities and personalities including Quentin Tarantino, Billy Joel, Arnold Schwarzenegger and John Travolta. Golde lives in Los Angeles.
Contact:
Helaine Ross Public Relations
Read also
