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Today millions of people throughout the world are dealing with the overwhelming challenge of credit card debt. While debt consolidation loans and balance transfer are strategies utilized by many people to deal with the immediate cash flow issues, these strategies do nothing to reduce the total amount of outstanding consumer debt. In reality, more consumers should consider credit card debt negotiation as a tool for improving monthly cash flow and reducing the overall amount of carried debt.

The negotiation process begins by communicating with your current creditors. These communications need to clearly articulate no only your current financial situation and inability to repay at the current terms, but also a clear request of how you need your debts to be restructured. The most common form of credit card debt negotiation involves negotiating a lowered APR to reduce the amount of monthly interest accrual. At the heart of this process, the creditor and the debtor work together to formulate a plan that allows the debtor to fully repay their debt, while still protecting the interests of the lending institution. Successful negotiations will not only eliminate issues of delinquency on the part of the borrower, but it will also save the borrower a substantial amount of accrued interest.

If you are unable to negotiate an acceptable settlement on your own, it may become necessary to bring a third party to assist in this process. The two most common resources for credit card debt negotiation are consumer credit counseling organizations and professionals who specialize in consumer law. The expertise and experience that these outside parties bring to the table can be beneficial in creating a settlement that is equitable for all parties involved. In many cases the use of an outside third party can greatly reduce the total amount of outstanding debt that is required to be repaid.

Consumer counseling services will typically work directly with lending institutions, acting as a mediator between the debtor and the lender. The counseling service will typically work to establish a monthly budget with the borrower and will then negotiate a reduced principal and interest payment with the creditors. In this form of credit card negotiation, the borrow will make a monthly payment to the counseling service. The counseling service will then divide that payment between the creditors. When the balance is paid off on one account that amount is rolled over to another account each month, generally determined by the highest rate of APR.

The second method of third party negotiation is often referred to as credit card litigation. In this type of debt negotiation strategy, the debtor seeks legal remedies to relieve their debt obligations. Even though most people would assume this means bankruptcy filings, that is a common misconception. In reality, this type of negotiation uses legal filings and at times the court system to create a remedy to the unresolved debt liability.

Whether you handle the process yourself or utilize the services of a third party, don’t overlook the opportunity that credit card negotiation presents for reducing your overall debt and increasing your monthly cash flow.

While mentoring some colleagues to help them overcome their fear of public speaking and to improve their presentation skills, I noticed a distinct “fear of the flip chart”. What is it and how does one overcome it?

It can be easy to spot someone with a fear of public speaking because they are glued to the spot where they began their speech and they refuse to move. The idea of using any kind of props (e.g. flip charts, handouts, etc) is terrifying because they would have to move and it might make the experience go on even longer.

However, an important public speaking tip is to use flip charts and other props to support your presentation. The way you use your flip chart is a critical part of public speaking. Here are some important public speaking tips and techniques for using a flip chart effectively:

1. Arrive early and be sure that the flip chart is positioned so that you can get to it easily when you need it.

2. Be sure that it is positioned so that you can stand next to it and write while still facing your audience (ie. Do Not Turn Your Back On Your Audience!)

3. Make sure you have several markers that work and immediately throw away the ones that don’t work. You don’t want to be scrambling to find a good marker during your presentation.

4. Only use blue or black markers please. It is too difficult for those at the back of the room to see other colors. Red is OK to accentuate things already written in blue or black.

5. When writing on the chart, make your letters at least 2-3 inches tall.

6. Draw lines in pencil pages beforehand to help you keep your writing legible.

7. Plan out your pages as you are writing the outline for your presentation. They will be the support for your public speaking presentation.

8. Write notes to yourself, in pencil on the flip chart to help remind yourself of all the important points to be included. I promise your audience won’t see the penciled notes.

9. If you have something that you want to present and then accentuate during the presentation or discussion, write out the flip chart page beforehand so that you can just flip the page to it.

10. If you need to refer to something that you wrote on a page at a later point in your presentation, rip off the page and ask someone to tape it up on the wall – don’t forget to bring big masking tape for this.

Flip charts are a great way to be interactive with your audience and get their inputs to your presentation. People feel important when you write their words and ideas on paper in front of the room.

I hope that this sparks some ideas on using flip charts to strengthen your public speaking and help to overcome any “fear of the flip chart”.