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Outstanding student loan debt is a major problem for many graduates. It is possible to negotiate with your creditors and possibly reduce or even eliminate your student loan debt. If you’re not up to the negotiations yourself, you can hire a company to negotiate with creditors on your behalf. However, if you fully intend and have the ability to pay your debt, it’s usually better to contact your creditors yourself. If you reach the stage where you can’t keep up with the repayments, it’s vital that you contact your creditors as soon as possible and explain your situation.

It will help your situation greatly if you manage to contact your creditors before they contact you. Professional debt negotiating programs offer plans, similar to debt consolidation services: They negotiate with your creditors provided you have saved the minimum balance to settle the debt. Before signing on with a debt negotiation or consolidation service, you might want to check and ensure your creditors are willing to work with the agency you plan to choose. Consider using agencies that offer actual counseling and education, instead of simply enrolling all clients in a debt management program.

Debt negotiation is a process where you negotiate with your creditors to pay off your debts at a reduced amount – for example, if your student loan was for $16,000, you can negotiate a payoff of $7,500. Creditors will report accounts that have been reduced, and it will stay on your credit history for seven years. Note that creditors have no requirement to negotiate with you or a debt negotiation company and that they will often play “hard-ball” at the beginning of the negotiation process.

The very fact that you have appointed a debt negotiator on your behalf is a sign that you are a bad risk. Most creditors will settle for cash now as opposed to the balance over the next 10 years or so. Beware of debt elimination scams that insist consumers are not under obligation to repay their debts because creditors charge illegal interest rates. This is simply not true.

No matter what the state of your finances, there are positive solutions for both you and your creditors. Explain to them right up front what your situation is and how you believe that things can be worked out so that everyone will benefit.

By aggressively taking matters into your own hands, your creditors will know that you mean business and are motivated to seek remedy. Yes, asking your creditors to simply forgive some of your debt is always one option and is a good starting point when negotiating your student loan. Don’t expect your creditors to roll-over, however! But it does show them that you expect some action.

Consolidation versus Forgiveness

Debt consolidation is the better of the two when it comes to influencing your credit score. If you choose a debt consolidation company, your creditors may report delayed payment. When searching for a debt negotiation company, one of the best places to start is with debt consolidation lenders.

While credit counseling and debt consolidation are both pretty straightforward services, many people have trouble understanding the difference between debt negotiation and debt management. Many debt consolidation lenders provide detailed information about student loan debt, student loan debt consolidation and more.

Your financial situation may allow you to take out a debt consolidation loan. A debt consolidation loan helps manage your debt because the loan is usually over a longer period of time and possibly at a lower interest rate than your existing debt. It is a more aggressive approach to getting out of debt than making minimum payments, using credit counseling, or trying to negotiate with your creditors. If possible, consider borrowing from a friend or relative as the interest paid can be far less than from a financial institution. Please know however, that a debt consolidation loan is nothing more than a way of putting off the inevitable: The loan will eventually have to be paid off.

When your monthly bills become too much for you to handle, it makes sense to use debt consolidation or debt negotiation for solving debt and credit problems. If bills and other heavy payments are bogging you down, take action sooner than later to find solutions to your problem. Continued financial stress and burden can ruin everything in it’s path, not to mention permanently damaging your credit. If a student loan is at the heart of the problem, debt negotiation and/or consolidation can help you get back on track and out of debt.

I have spent the past few years, observing how people behave, both when they are at work, where they should be investing their time as productively as possible, earning a living and also whilst they are at home, where they are meant to be relaxing and recharging their batteries. It astounds me to see, that they are never present when they are doing either.

My observations have shown that when they are at work, they are lost in distraction, day dreaming about, how wonderful it would be, to be away from the office, involved in an activity with their spouse and children or even on the golf course. This means that they are not focused on working, so they perform below par and don’t get everything done they need to do whilst at work. This means that they reach the end of the day, without having wrapped up all the things, they needed to do for the day.

So they go home stressed, overwhelmed and are then forced to think about all the things they need to do the next day, when they go to the office, whilst they should be present, at home with their spouse, children or on the golf course. So when people should be at home resting and re-charging their batteries, they are instead stressed out about all the things they did not get done that day at work. Man, this is a crazy, pointless cycle of endless distraction and overwhelm.

Break Free from Distraction

This means people are never completely present, with anything they do. They are not focused at work, so their productivity is low and they are never able to concentrate and give their full attention towards completing tasks at work. Research has shown that if you are distracted, your IQ drops by 10 points. People, who smoke marijuana, only experience a drop of 5 points in their IQ. So allowing yourself to be distracted, has a greater negative affect on you, than smoking marijuana does. Combine this with the loss in productivity because you are never present, both when you need to be completing tasks at work and re-charging your batteries at home and you can understand why people, seem to just spin their wheels all day, achieving very little.

Learn the art of being present

If you truly want to achieve greatness, then it is time to accept that you need to be 100 % present and focused on what you are doing at that time. When you are at work, forget about how great it would be to be out with your family or water skiing. Be present, focused on the task at hand. This means that you will actually get far more done each day at work, so that you will reach the end of a day, having actually got everything done, which you needed to do that day. So when you leave the office and head home, you really are done for the day and you can go home to spend quality time with your family, where you can be 100 % present too. When you are sitting watching TV with your spouse, you are no longer procrastinating and not doing work related stuff. You are resting, recharging your batteries and spending quality time with the person, who matters most in your life. What could be better?

Being Present invites happiness in

I believe that one of the major reasons why most people struggle to find happiness is because they are never present in the moment. They do not understand that to be happy, is to be present. They do not understand that happiness is really just a state of being, where you are present, living in the moment.

When you are not present, you also never really listen to what people are saying to you. Yes you hear the words, but you can never truly hear what they say. You can never completely absorb the message people are trying to send to you. This can be a huge challenge if you are involved in supporting your customers. You never completely listen to and connect with them.

Distraction gets you through the day

When you are not 100 % present in every moment, where you are instead, locked in a place where you are dreaming about future possibilities or past experiences, you never notice that you are squandering your most valuable possession, namely right now. This means that you float through each day, merely hanging on. Instead of finding ways to get as much as possible from each day, you are left licking your wounds every night, thankful that you got through the day.

Try to learn the art of being always being present. Be where you are 100 %, focus everything in the current moment. Draw as much substance, wealth of experience, productivity and everything on offer from each moment and you will finally get to really live. Truly living is all about being as productive as possible when you work, listening in silence, watching a sunset, investing time with people, who matter and capturing each moment, so that it can become a new part of who and what you are. Life is not something you do; it is something incredible, which you have the privilege to experience, every day. Learn the art of being present; enjoying every moment and you will have mastered the art of living.

Once a month I do a free work shop teaching BNI members how to improve their “Sales Manager Minutes”, aka 60 second presentations. As a BNI Director and business consultant, I get the privilege of helping people fix their word of mouth marketing mistakes. During these monthly training sessions I am asked lots of question about how do create and deliver great 60 second presentations. My sessions always start out with this question. Let me hear what you’re doing now. This evaluation process allows me to help them focus on eliminating any of the 20 most common mistakes I hear.

This article is the second installment of a four part series. In this segment I will discuss 5 more of the 20 mistakes that I often see. Reading all 4 articles will give the reader the cure for all of these so common aliments. Eliminating a few of these mistakes from your 60 second presentation and you will start to see real results. Eliminate them all and the referrals will come rolling in. So let’s get started on segment 2.

Mistake #1 is NO Pain! I often see 60 second presentations where the person does a good job of describing their product or service but leave out the potential customer pain. I try to include 2 or 3 customer pains in all my infomercials. Adding the customer’s pain to your description of your product or service, really make the message pop. It helps clarify the “why” for your listener and clarity produces power. What kind of power you ask? It gives them the power to act; it motivates someone to take action on your behalf.

Mistake #2 NO Emotion 60 Second presentations need to be delivered with feeling in order to be perceived as genuine. Without passion, you come across as fake. Emotions’ help the listener empathize. They are more likely to listen and get involved if the believe what you say. Saying things with emotion and passion gives you this credibility. If you come across without passion and emotion your message will be flat and your listeners’ will be turn off and will tune out.

Mistake #3 Poor Delivery This can be related to not being passionate about your subject but it can also be just a poor delivery. What I am talking about here is your pace, intonation and volume. Going to fast or going too slow can turn off your audience. For some, going too fast carries the connotation of “of a disclaimer”. Going to slow carries the connotation of being boring. Being too loud, equates to obnoxious, too quiet, being timid. A good deliver is varied in pace, intonation and volume. When you speak with emotion and passion this often automatically happens. Remember that presenting has many elements of acting in it. These techniques can be master through practice. Take the time to “rehearse your lines”. Once they are fully memorized, you can then start to work on the other elements of the presentation. Remember to have fun while you’re being serious. This will help you be more authentic and being authentic can help sway your listeners.

Mistake #4 Leaving out “Door Opener” Door openers are statements used to catch a person’s attention. Door openers are word hooks like “on sale, limited offer, free and guaranteed”. Most people automatically pay more attention to these words because most people want to take advantage of or at least know of these “specials”. Using “attention getting words”, gives your referral partners the ammunition to get your foot in the door. Use them and you will get more referral and more sales.

Mistake #5 Using Profanity I don’t often hear profanity used in presentations but when I do, WOW, it doesn’t make the presenter look good. Even using phrases like “stuff happens” brings you close to being in a bad place. You may hear laughter when it is used but it will never increase your credibility or make you look more professional. I have even seen great 10 minute presentations totally destroyed because they used one bad word during their presentation. One word out of several thousand and their presentation was remembers for the one bad word. Never use profanity in your 60 second presentations. It will destroy your entire effort. It may be good tool for comedians working the adult’s only circuit but its bad news for your 60 second or 10 minute presentation.

My next article, (segment 3), will discuss 5 more common mistakes made during 60 second presentations. Each segment will help the reader eliminate 5 possible mistakes that they may be making, until we have covered all 20 possible mistakes. Eliminating any of these mistakes improves your ability to communicate effectively. Each new attempt will bring improvements, focus and message clarity. Look for Segment 3 covering 5 more common mistakes to be out real soon. Until next time, work hard to eliminating the 5 mistakes covered here. Doing so will move the reader closer to their first perfect 60 second presentation. Until next time.