Debt Consolidation or Debt Negotiation – Which To Choose?

No matter how wretched your financial situation is, no matter how inescapable you feel your debts are and no matter how deep of a debt puddle you’re currently standing in, there is a financial solution as well as a means to get your feet dry and back on solid ground. There are plenty of answers, various sure-fire ways for you to get out of your current financial mess and become a financial success. And of the most common ameliorative financial options to choose from, here are two prime choices – Debt Consolidation and Debt Negotiation.

Both solutions are quite similar in that they heal deep debt wounds and bring individuals back to a stabilized financial position, but both tailor to two different types of indebted individuals. Debt Consolidation plans assist those in need with sufficient means. On the other hand, Debt Negotiation assists those in dire need, in situations where money is too tight to apportion.

First, let’s take a look at the debt consolidation option, and secondly the Debt Negotiation vein, each outlining specifics as to allow you more information to better decide which is best.

The Debt Consolidation Option

Debt Consolidation is accommodating specifically to standard indebted individuals, one’s who need actual consolidating to better organize themselves financially and stabilize a plan to finally pay off accrued due debt. Debt consolidation is primarily best suited for individuals who are financially able to, in the least, provide the minimum payments required through a debt consolidation motion.

In practice and structure, Debt Consolidation is a process where an action combining or “consolidating” one’s debts -whether they be personal loans, home equity loans, mortgage debt, car loans, credit card debt, or other financial liabilities- into a single loan occurs. Simply enough, the individual in debt is in essence, and through assistance of a debt consolidation company, accumulating all of his or her debt together to deal with it in one sum. This is done by taking out a single loan to pay off all spread out debts collectively, as one large whole.

The aforementioned process is usually done with intent to achieve a lower monthly payment, one that can be extended over time simply to pay off debt through one primary vein and in one go, gradually over time. And if carried out properly, debt consolidation can and most certainly will lower one’s annual interest rate and/or monthly payments, hence providing more available funds to save month to month.

The Debt Negotiation Option

Sometimes referred to as Debt Settlement, Debt Negotiation is often a financial option for indebted individuals who cannot handle going through a standard debt consolidation motion. Reason here is simply due to lack of funds; if said individuals cannot provide funds for the minimum monthly payments usually attached to a well-structured debt consolidation repayment plan then a debt negotiation program is the most realistic next step to take toward solving outstanding debt and credit problems.

What happens here, and to a hassled indebted individual’s benefit, payments to creditors are halted, put on ice. The selected debt negotiation company pulls payments from you monthly, safeguarding those funds in a specific account, either the company’s or your designated personal one. Through this period of monthly pulling the debt negotiation company is working for you, negotiating with involved creditors for lower payoff amounts, usually up to 50 % off your bulky debt total. And upon successful negotiation, a one time payment is provided to applicable creditors from your debt negotiation company.

You might think that this has a negative effect on your credit score and you’d be correct. Your credit score is lowered, yet, this lower score is only applicable for the length you’re in the negotiation program. And even after the program is complete, creditors are required to place a ‘paid in full’ note as to avoid putting a permanent negative mark on your credit score. Overall, credit furbishing is provided through the aforementioned or through a provided credit repair service to remove all negative traces.

Which To Choose?

To choice is up to you. One thing must be kept in mind; choices should be made based on your financial capacity and overall ability. Know which financial program is best for you. If you’re in a standard debt situation and need some organizing to pay off all your debt, seek debt consolidation to do so. Yet, if you’re in a thick financial mess and have minimal, almost non-existent funds to allocate through a normal consolidation program, request a debt negotiation option to fix you up.

Presentation Skills

Most of us hate any form of public speaking. We’d much rather sit in the background and not having any attention focused on us.

Unfortunately, at some stage in our working careers each one of us will be required to either sell an idea; make a recommendation; market our work or ourselves or market a product. In such an instance you would have no other choice but to bite the bullet and stand before an audience to present your case.

Do not stress it is not that difficult. It only requires a few skills which are easy to master. When you are required to do a presentation, do it well and use it as an opportunity to get noticed – it could well be the key to a successful career!

Start at the very beginning and plan well ahead for the big moment. The starting point is your expected audience. What will my audience know about the topic; what are their needs and what do they want to hear. Your approach would be different when you have to do a presentation on a new medical invention to a conference of medical practitioners compared to addressing a group of housewives on the same topic. Always try to put yourself in your audience’s shoes before starting to prepare your address.

With any presentation, there must be an envisaged outcome. Why are you doing the presentation? Is it to inform, persuade, motivate or teach? When you clarify your purpose, you will more easily hit your target.

Once you know what you want to achieve, you can start with the preparation:

Prepare the opening: Make a statement or ask a question that grabs the audience’s attention. State the purpose of your presentation and remember the opening should make up 5 to 10% of your entire presentation.

Prepare the structure: The presentation should have a logical flow:

  • Opening
  • Background information
  • Body of the presentation
  • Action steps – what next or what is required
  • Close

Choosing Key points: Your audience can only remember 4 to 6 key points, so choose them carefully. Back your message up with interesting evidence – statistics, testimonials, analogies and demonstrations. The key points should make up 80 to 85% of the entire presentation.

Prepare the Duration: Don’t make the presentation to long. Rehearse the duration of your presentation to make sure it falls within your time limits. Always allow time for questions – it is appropriate.

Prepare your closing: Prepare a close that supports your purpose and creates a lasting impression. Only briefly summarize or restate your key points and throw a challenge to your audience. Leave your audience with something to think about. The closing should make up 5 to 10 % of the entire presentation.

Prepare effective visual support:

  • When using slides, it must be visually appealing
  • Use colors and fonts that make an impact
  • Select graphics carefully – they must support the subject matter
  • Use effective but not irritating animation
  • When using a whiteboard or flip-chart, write quickly and neatly.

Speaker notes: Never read your slides – this is very boring. Only have the bare outline on the slides and fill the rest of the detail verbally. You can make use of speaker notes on the slides to ensure that you know what you want to say and not forgetting anything.

Rehearse: First practice your presentation on your own in front of a mirror then follow it up in front of a friend or colleague. They must give you feedback on the content and style of your presentation.

Lastly, after everything is said and done, it is time to put your money where your mouth is:

  • Be well prepared
  • Know your subject
  • Be exited
  • Act confidently
  • Dress smartly
  • Speak clearly
  • Make eye contact
  • Focus on the main points
  • Be yourself

Remember, when you are marketing your product, system, idea, or whatever, you are marketing yourself in the process!

Choosing the Right Wedding Presents For the Guests

Tokens are specially prepared for the wedding visitors to show how much the couple appreciates their time in sharing the wonderful day with them. This is for the guests to remember the big day when their special friends exchanged vows.

Looking for wedding favors is not an easy job but thankfully, there are online stores that offer customization of gifts that can be distributed to your guests. Others would often put the gift inside a miniature cake or wedding gift box so the guests can open their own gifts before the party ends. These can be placed on one table as another decorative piece for the venue or they can be placed as table centerpieces as well.

It was a common practice before by the bride and groom to give out notes of gratitude to their wedding guests since they were there to witness the happy moment of the couple. The tokens would also be placed on each seat of the wedding guests. As the guests take their places and enjoy the day or evening event with the newlyweds they can start opening their presents to appreciate the gifts the wedding couple has prepared for them.

There are wedding couples who would send the gifts like customized wedding frames with the guests picture inside. So that it will be less of the wedding couples’ worries, they would often hire photographers for the event. There are photos taken with friends and some photos taken with the bride and the groom, both however can relive the moment when the guests were able to witness the bride and groom’s exchange of vows.

The little cup cakes can make good wedding gifts as they serve as the big cake when held together on a table and given separately to the guests. Since there won’t be time to eat the cake anymore or the guests don’t feel like eating and just want to enjoy the drinks and the dances, then it is better to just have little cakes wrapped in a see through box for the guests to take home. The wedding couple can easily choose the little cake’s styles and distribute them at no cost.

If the budget is limited, there is really no worry about giving any wedding favors since you can just say your message of thanks during the party itself.