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hey're everywhere these days - sales persons who try to get to sign up for
the latest credit card. While this may be good for the banks and financial insitutions
that offer them, a large number of people - usually young adults - have gotten
into a bind by overextending themselves with credit cards and other forms of
consumer credit. The majority of credit card holders will tell you that it's
all to easy to be tempted into buying things which they cannot afford simply
because they can charge it to their credit cards.
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Financial small business ideas or Credit / Debt Consultant
So what happens when these category of people can't manage their debt? They'll
come to you as the Credit or Debt Consultant. You will be someone with a mature
personality preferably with experience in financial or wealth management. Sadly,
clients who come to you will already have found themselves in trouble with debt.
Even though personal bankruptcies number in the millions each year, bank card
companies continue to mail offers to people with poor credit histories or who
already have multiple credit cards. You will need to be professional and firm,
yet compassionate in helping them manage the situation and climb out of debt.
Your will need to negotiate with creditors to develop manageable payment plans
for your clients. You will also need to teach your clients how to manage their
money and expenses. Changing your client's mindset may be the most difficult
part of your job but it needs to be done or they are likely to fall back into
their bad habits. As payment you will receive a small percentage of what is
owed, and creditors will also compensate you because you're helping to prevent