Tag job loss in debt

It’s a shock, we know the feeling when your whole world comes crumbling down in a flash, the moment you are presented with your Employment Termination Letter…

Nobody can prepare for this moment, neither do we think it will ever happen to us, where COVID and the dire impact it has had on global economies was never a figment of our imagination, but now, we face a situation way out of our control!

The good advice of the past to be diligent in saving money, to create a nest egg for inevitable events like this, is far removed from the reality you are facing right now and no amount of consolation can remove the Emotional Fear that starts engulfing you the moment you get this bad news!

No amount of speculation about the different scenario’s you try to play in your mind can bring solace in any form, where the only solution is to take action now, not tomorrow or the next day, even if your Termination tenure is 1 or 2 months from now, the key is not to procrastinate and wait for the last minute, because then your situation all-round would have snowballed. You already know that any glimmer of hope to benefit from your ‘End of Service Benefits’, is non-existent, which should tell you that you have no time, but to secure a solution for the foreseeable Debt-Crisis that you may face in the very near future, so act now!

Forget about comparing notes with your Peers facing the same situation, as everyone’s situation is unique, onus to them, where finally you will stand alone to face the situation, so its imperative that you learn this very fast, so stop wasting time speculating and not focussing on your own situation.

You need to understand that we have never faced this form of pandemic in the future, then even your Creditors are at a loss as to the most beneficial Settlement Offer to present to you, because they have not faced mass terminations in the past, where the offered solutions could be just as unique as the situation, where the human factor is key when assessing near future crisis for any individual who has been terminated from their employment. Then considering the impact on the economy of any country individuals are residents, even if it is your home country, such solutions must be carefully reviewed to fit your Creditor’s Policies, whether they are a Bank or other type of Creditor. Everyone exposed to this situation faces the same problems, suffer the same or have the same issues, because the key issue, is no income, therefore you are unable to meet your expenditure and face other dire consequences. Company Owners possibly have the hardest time, because they not only have their own liabilities, but they also responsible for the livelihood of their families and employees, so many individuals are affected, not just one.

If you have sought assistance from your Creditor to no avail, then seek a known Remedial Company with a reputable reputation who have gone the extra mile for Debtor Clients, review their profile, references, testimonials, speak to people until you feel comfortable, even meet with them, the key is to be at ease when you hand your life over to someone else, because its your trust, confidence and assurance that all will be fine for your situation if you commission them to represent you. You do not have money to waste, to pay external Parties who cannot fully assist or support you, if you lose the money you can spare on Service Fees, ensure you make the right choice, because once its lost, you cannot recoup it!

All may not be totally fine as per your expectations, but you will realize the best solution for your situation, remembering much of your Creditors Policy cannot be overruled, however, they will consider the humane side of the Remedial Request and I am sure are currently preparing for this as I am writing this post.

If you don’t take action, nothing will change and as much as being terminated feels like the rug has been pulled out from under you, it has and you need to take a step to make a difference in your own life right now.

In our lifetimes, we will face dire situations sometimes more than once, the secret is to survive and then progress to thrive, where changing your mindset will set you apart from anyone else, refrain from falling into the ‘limiting beliefs negative thought patterns’, because if you continue focussing on your debt situation without taking action, it will eventually grow and finally consume you, then that will become your newest reality.

Being positive, optimistic and taking the plunge to take action is the key to your survival and Debt Recovery.

Collectors, before you step into an employee’s place of employment, or direct demanding emails to the CEO and/or their Head of Human Capital of their organization or company, due to their delinquency, then understand that somewhere along the line, there is a valid reason why most debtors are unable to pay their EMI’s (Equated Monthly Installments).

How many times have I said to stop painting all debtors with the same brush? So, let me correct your very limited experience about human life and the obstacles they face, at inopportune moments, when they least expect, situations that are most times not self-inflicted, but just realizing that it simply presented itself in their reality, where it is out of their control. Not every individual is able to ‘save for a rainy day’, or ‘accumulate emergency funds’, because these days life in general is tough for most people, regardless of where they are in the world, it’s realism, get accustomed to it as soon as you can.

When your vocation requires you to deal with people daily, then try to treat them like humans, even if it’s a very hard task for you. Somewhere deep inside of you there must be some form of humanity that resonates with you. However, if you really find it very hard to do, then simply put yourself in someone else’s shoes, who was terminated from their employment at short notice, who has no emergency funds, has all kinds of family commitments and has no money to pay their EMI’s, until they can secure a new job.

Many of you have demanded that the customer borrow money from friends and family, please understand that this capability is not open to everyone, where sometimes they won’t cross that line when they know that it is virtually impossible to repay the money in the following month, with zero income. It’s pointless making one hole to cover another, as it will come back and has more negative repercussions, which they don’t need, not at this stage.

So, when you act snidely, obnoxious, demanding, abrupt and think you are smart trying to prove a point to the customer with the entitlement that you are in a position of strength, taking great pleasure in wielding your power, then take a step backwards and ask yourself, why you cannot comprehend true situations presented to you, when:

a. They have explained to you, in detail, why they can’t pay their full overdues;

b. They have justified why they can’t pay the demanded high down-payment for the requested settlement, therefore requesting leniency for a reduction in the amount;

c. They are able to Justify their initial delinquency with documented proof, which you anyhow don’t bother to take into consideration;

d. They are pleading for your help and understanding, and you simply hammer them with 62 calls in a short period within one day, demanding, threatening, being abusive? Is this acceptable?

e. You initiate unnecessary action to present yourself at their place of work demanding to meet with the Human Resources Manager;

f. When you directly send emails to the CEO of their employment company and include the Human Resource Director, with your grievances against the customer, who by the way has not refused to repay their liability, except they requested leniency for a reduced EMI, which you refused;

g. You don’t care that your actions in points ‘e’ and ‘f’ could cost them their job being terminated due to your actions;

h. You have already filed a legal case, which has run it’s course, but don’t persue your next legal action, instead you continue to victimize the customer at their place of work, simply because you can;

i. The customer now loses he’s job and is terminated and you act with no remorse, except continue victimizing the customer for the money. Right here I wish to ask you how you expect the customer to pay their liability, now with no income, courtesy of your actions;

j. You don’t realize your actions has now brought extreme hardship onto the customer, because:

i. They cannot secure a new job because you filed legal action;

ii. They must send their family back to their home country;

iii. Their children and loved one’s suffer;

iv. They get into dire delinquency with no income, so the situation worsens, with a probable outcome of facing multiple legal action filed against them, so unemployment continues for months, sometimes for more than one year;

v. They end up virtually living from hand to mouth, borrowing from everyone without having to pay back and most times, living in a small room with absolutely zero sustenance, existing a sub-human life;

Is it your fault that the customer was indebted to creditors? Absolutely not, however, you take the burden on your shoulders when you are the root cause of this extreme suffering, because you are in a position of strength to respect and appreciate the customer’s dire debt situation, their please to reduce their EMI’s, where they never refused to repay their debt.

I will repeatedly stand by my philosophy that when you sow bad seed and you inflict harm and damage on any human life when you had the opportunity to reach out and take their hand, but you acted entitled and refused that help, then somewhere along the line, that seed will surface in your life and then please don’t ask ‘Why me?’, think back to when you could take the right action.

Life have evolved, times have changed, displaying kindness, empathy, care and love is the order of the day, because our only job is to try and touch a life daily to help those suffering today to transform their lives in happiness, joy, full recovery and future success, to rebuild and survive.

Your old ways are damaging lives and in so organizations and economies, so my suggestion is to think about the pain you inflict on people’s lives and learn to master the art of happiness and to help people transform their lives, do it, for your own personal transformation, because you probably need it more than anyone else in the world.

We never achieve great success by being mean and nasty, read the most successful people’s biography in the world, it tells it’s own story, which you should learn from.