Are You Considering Debt Settlement? Then Read This

I must admit: times were better back in 1992 when I first formed what was to become Provanta in my bedroom with about $250 to my name.

As you must have guessed — as I’m here writing this now–  it became successful; and almost immediately. But once I attained a bit of success, enough to pay my own rent at least, the only people I could really afford to bring on to help was family members (flexible about paydays). The very first, only months after the start, was my own mom who wished to get out of the daycare business. You’ll learn more about her later.

In subsequent posts I will delve more into Provanta’s unique history as a Debt Settlement company. For now, let me just advance from 1992 about a dozen years. By 2004 we had about 30 employees, many independent sales offices, three separate company owned offices and business was booming.

And I couldn’t sleep at night.

You see, in the pursuit of more and more business we took on a model of independent sales people, paid on what they produced. This was a mistake. For lack of a self-serving way to express it, I ended up employing a lot of liars. But it was my fault. You see, not being integrated with the business as a whole; that is, working in every aspect of the business before selling to new clients, they probably couldn’t help but be overly exuberant.

Debt Settlement is not a walk in the park. It’s kind of like going on a diet after you’ve spent years gaining that 10 pounds per year. At first, no big deal. By the time you realize you’ve racked on 30, 40, 50 pounds or more…well, it’s a lot like waking up to realize you have $30,000 of credit card debt — uncoincidentally, the amount of debt our average client has.

But while it’s not a walk in the park, it is possible to settle your debt if you do it right. Can you do it yourself? Certainly, just as you can re-roof your house, remodel your bathroom or kitchen, fix your own car and any host of other things. Never be fooled: this is simply about consistently hard work over a decent period of time; like 2-3 years. Kinda like loosing that 50 pounds.

It helps when someone is there to answer the phone during business hours when the best deals get done. We do that.

This is the introduction to a series of posts — a couple per week — about the state of the industry I helped create. I grew, then went smaller and “boutique,” and there are a lot of reasons for that.

I find the industry trend disturbing. It’s a lot of large companies now, with sales people promising you the moon.

The moon is not for sale.

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