Help For Lindsay Lohan To Get Out of Debt....It Will Work For You Too

After losing my marriage, business and health I had $88,000 of corporate credit card debt from my business (which seemed like $600,000 at the time.) Here are some tools that will help you and anyone out there get out of credit card debt. These tools worked for me, and millions like me. They can work for you.

1. Don't Go This Alone
Lindsay, you are not alone. Studies show that currently 58 million Americans are not paying their bills on time. Get caring support as you reinvent your habits. ( No, Dr. Pinsky wouldn't be on my list either.) Yes, you are going to need to change your habits. It isn't easy. My prayer for you is that you have someone that sees your great good that goes beyond your current behavior.

2. Use Paper Power
You aren't going to like this one...but it works.
Simply, switch from plastic to paper money. A study from NYU and the University of Maryland found that when consumers switch from credit cards to cash and they automatically 30 % spend less. These studies show there's a gut reaction that's absent when we pay with plastic. That's the reason you trade your money for poker chips (plastic!) in Las Vegas. Credit cards use this fact to their advantage.

3. Get A Grip
You aren't going to like this one either.
Make a budget. Put the cash for each budget category into envelopes. Food, gas, entertainment, clothes, shoes etc. I did this. It is very simple and it works. From my own personal experience once you get down to the copper money (they are called pennies in case you forgot) in an envelope you are highly motivated to get out there and make some money. Highly motivated.

4. Pick Up the Phone
Before a large expense, ask for a discount. Sure, you are Lindsay Lohan, but I know that this tip works for the rest of us. One LA consumer got her dentist visit cut for a crown from $850 to $550 by simply calling and explaining her circumstances and asking for a discount for being a long term customer. I've heard of lots of people asking for reductions on the rent they pay...and getting it. Give your landlord a call...and let me know.

5. Ask For Help
If you are in over your head in debt you can get help. Credit Counseling will help you with your budget and lower your interest rates. My bet is that Credit Counseling companies are call you right now. Lindsay, listen up...because this is a very hidden fact.

Most consumers aren't aware that these credit counseling "non-profits" are actually funded by the credit card companies. They are not working for you...they are working for the credit card companies. I used a debt settlement company that cut my credit card debt in half. Having my debt cut in half helped me to avoid bankruptcy and give me the dignity to pay off the debt my start up business had created. Get educated and see what is the best fit for you.I am here to help you. If this worked for me, it can work for you.

Are you struggling under credit card debt? I want to hear your story.

I also what to help you find the best solution for you.
The Today Show "Reinvention Expert" shares her system to get out of debt using her "Turnaround Techniques." system with other consumers to get out of debt- for good.

Entrepreneurs are the losers with a debt settlement industry in crisis

As a coach for many entrepreneurs I see it is key to have access to credit to start new businesses. Like many small business owners I started my design business with credit cards. Using those credit cards, I built a company from $17 and a glue gun to $1.5 million of retail sales over four years. Having health, marriage and business problems meant that I faced a perfect storm. Like many others today, I couldn't pay off my debt.



People today are facing more immediate financial pressure than ever before. Jobs are vanishing, foreclosures are trending at record numbers and more people are turning to bankruptcy-- needlessly.

What consumers lack today are real concrete solutions to help them deal with problem debt. The only legal solution that is approved in all states is bankruptcy. But what about consumers that don't want to go bankrupt? What options do they have?

I turned to a debt settlement company. It was the only way that I could have paid back creditors and not filed bankruptcy.

Debt settlement allows the consumer to eliminate their financial liability in a mutually agreeable way for less than the full amount owed based on what they can afford. They can actually achieve results in a difficult situation, resolving their money troubles without bankruptcy. Debt settlement helps consumers avoid bankruptcy while returning a fair and negotiated amount to the creditor in a legally binding way. It helps the consumer to be represented by a true third party-the debt settlement company.

"I am extremely concerned for consumers," said Alex Viecco, VP and co-founder of New Era Debt Solutions. "There's been an influx of sub-prime mortgage lenders rushing on to the settlement bandwagon trying to make a quick buck."

Today, many new debt settlement companies are appearing. These companies, many of dubious character and expertise, are creating problems that are leading to a patchwork of state legislation that will close or highly regulate debt settlement companies to protect consumers.

New Era Debt Solutions, a debt settlement company, wants federal regulators to proactively come out with legislation to regulate the debt settlement industry, protecting the consumer and forcing opportunist debt settlement companies off the map.

The debt settlement industry desperately needs one set of federal legislation that provides a clear framework of protective rules allowing consumers access to the valuable tool of debt settlement.

"We don't want to stand by and watch consumers be robbed of access to debt settlement, leaving them with only bankruptcy as a real and final option to their debt problems," said Dan Smith, President and CEO of New Era Debt Solutions. "People want to pay what they are able to afford and avoid bankruptcy. Debt settlement allows them to do that.

Lower Your Credit Card Debt - with Good Morning Arizona

I am currently in Arizona getting ready to speak on Thursday for the Arizona Society of Association Executives: For more information go to http://www.azsae.com! On Tuesday it was me, my tips on debt and my book on Good Morning Arizona!

To check my appearance out please visit:
http://www.azfamily.com
Type in Eli Davidson, video


Thank you to Good Morning Arizona, for having me on to talk about Credit Card debt and using household items to show their viewers simple steps to get out of debt!

Good Morning Arizona!

Good Morning Arizona! Wake Up bright and early tomorrow morning (Tuesday, September 23, 2008) at 5:30 AM and catch me live at 5:45 AM on Good Morning Arizona, Arizona's Family 3 station! Or just set those TiVo's! I will be sharing with viewers how 5 Household items can significantly help you reduce your Credit Card Debt!

I am also speaking in Arizona at the Arizona Society of Association Executives Conference on September 25^th at the Four Points Sheraton of Tempe, AZ. For more information please visit: http://www.azsae.com.