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To negotiate with credit card companies about your ever increasing debt, you must make sure that you are prepared to have some patience when dealing with them, especially when it comes to preparing all the required documents. It would also be very helpful to be flexible because it is not uncommon for the creditors who would be handling your credit card debt negotiation to suddenly change their minds about just anything. Here are some tips to help you understand better the concept of debt negotiation, as well as get the best deal for a debt negotiation.

Proper Documentation

The ultimate objective of a negotiation should be that of having everything properly documented. Remember that anything said or discussed between you and your creditor or credit card company, is not final. There are times when these creditors or credit card companies will just change their minds. At times, they also forget or misconstrue some parts of their verbal talk with the cardholders. And since the creditors have such reputation, it would be best to clarify and confirm with them in writing; that way, everything will be properly documented and you will be able to track all contracts, pacts and other important documents.

Records Maintained And Allowed In A Systematic Way

And while the credit card debt negotiation that would take place between you and your creditor would usually happen through a phone call, it would definitely be impossible to document any agreements. So, the best thing to do would be to record all the calls by simply asking for the name of the person you have spoken to; while jotting down the important points in the conversation. After that, make it a point to follow up on the phone discussions you have had by writing a specialized letter. In that case, even if the person you have talked to has forgotten any of your discussions or pleasantries, then you would be able to refresh their minds about the agreements and discussions you had between the two of you.

Time Factor

Remember that time is essential in getting a fine settlement. As time goes on, the creditors are usually thinking about new cases and they try to once more get what they can get out of their clients. And they are most satisfied if they are able to get the original amount once again, which on one hand, can be beneficial for the clients as well.

One more thing, it would be wise to follow through and fix anything you might have agreed on during the first or second sessions of the settlement plan. Also, it would be a good idea to remind the creditors of the expiration time of any stage in the negotiations in order for them to take care of everything so everything is ship-shape.

Bankruptcy

Last of all; let your creditor be aware that you have definitely filed for bankruptcy since you truly do not have any money to pay for your debts. There are times when you can be assured that the debt negotiation will really work out well; however, there are also times when they will not. Therefore, it would be best if you could just make yourself aware at all times that there are certain legal limitations that go with bankruptcy. Really, such debt settlement programs as well as tips will surely help you bring the creditors up on their toes as far as getting a good debt negotiation is concerned.

Credit card debt negotiation is actually an easy and significant way of helping cardholders get out of their financial troubles once and for all and get a good credit standing once again.

Business ethics are an almost daily topic in the news, in business schools, in the workplace and in our homes. I pay close attention to business ethics and what is written about them in my daily life as a strategic thinking, planning and business coach. I am still astounded at the remarks of major corporations a few years ago when they said they “waived or suspended” the ethics code or requirements. I am still at a total loss at how anyone can “suspend or waive” ethics.
While I may not be able to explain the suspension or waiving of ethics, I do hope to provide some solid advice on what business and other organizations need to do today to present, preserve and promote ethics in their organizations. Here are ten action items I would recommend:

1. Present ethical behavior as a requirement, not an option. Major business corporations are standing trial, literally and figuratively, for very strong violations of ethics. Acting unethically means that eventually you will be caught. Today is a very opportune time to take advantage of the current business environment to present ethical behavior as a requirement, not an option.

2. Present ethics in all daily interactions with internal and external stakeholders. Unfortunately too many people perceive that ethics only need to be presented to “bad” companies that need to reform. Well, my experience indicates just the opposite. Companies with strong track records of ethical, responsible behavior have the most to gain from a well thought out system to assure the cultivating of ethical corporate culture. Every action by every employee in an ethical culture will reinforce and further the company’s positive reputation.

3. Present the desired ethical behavior in an ethics code of conduct. Ethical conduct of each employee must become a habit of every minute of every hour of every day. No exceptions, no waivers and no suspensions of the ethics code!

4. Preserve ethics to let everyone know ethics is here to stay. While there may be “newcomers” to embracing ethics in business, ethical and responsible conduct have always been the standard at many companies. Even when ethical conduct may fail to improve the bottom line as strongly as desired, the alternative of operating unethically is not a viable option. This commitment will preserve and extend the reputation that has been earned through consistent ethical conduct over time.

5. Preserve an ethical culture that serves as a foundation. If you are not put to a test, then it is easy to say you act ethically. However, what do you do when you are faced with the tough ethical decisions? A very positive affirmation that your ethics program is a success is when there is an embedded culture where people will make the right choices, even when those choices are difficult, inconvenient, or adverse to the short-term interests of the individual or company.

6. Preserve an ethical culture that perpetuates ethics. Consistent compliance with a strong code of ethical conduct will be a major stimulus to having ethics become self-perpetuating. A reversal of behaviors will also occur in that those who speak out against unethical behavior will be the majority, instead of the majority being those who simply ignore and do nothing when they observe unethical behavior. A true ethical culture will evolve into a self-regulating basis on a peer-to-peer level.

7. Promote ethics and their benefits. Too many companies will always look at the cost of something, without looking at the benefits. The same goes for ethics. Too many companies sadly will only look at embracing and enforcing a code of ethics in terms of what it costs, rather than the benefits it will gain. Ethical behavior and a culture of ethics will result in many benefits, including: improved employee relations, enhanced worker productivity, positive morale and an enhanced company image.

8. Promote ethics from the top. If you read Greek history and mythology, you may have come across a well-known Greek saying that a fish rots from the head. In today’s business world, the saying is applicable. The message, spoken and unspoken, from the top is critical to reinforcing positive, responsible, ethical conduct. If top executives and top executive management say one thing but do another, the message of ethical behavior gets very confusing. Top executives need to use their positions in the company to insist on and promote ethical conduct. The top executives must “walk the talk” and hold themselves to the same high standards of ethics they expect of others and demonstrate those high standards in everything they say and do.

9. Promote a company culture where ethics is for everybody. Ethics is not just reserved for your management. It is for everyone, every day. Everyone in your company needs to be trained and persuaded to act ethically. No exceptions!

10. Present, preserve and promote ethics by rewarding ethical behavior. Develop a compensation system that provides a component of benefits and rewards for ethical behavior integrated with performance-based incentives. People who consistently demonstrate they are driven by ethical behavior need to be recognized and celebrated. There must be a clear connection between ethical conduct and potential career advancement. The consequences of a person’s unethical behavior need to be discussed immediately and be accompanied by an alteration to their career advancement within the company.