The above quote is one of the key Rich Habits is. It applies to debt too.
All debt is negotiable including credit cards, personal loans and mortgages.
You can put them on hold.
You can reduce rates.
You can eliminate fees.
You can, in certain circumstances, reduce the debt by 90% (so you pay $1,000 to eliminate a $10,000 credit card).
All of this can be achieved when you:
Realize that debt is negotiable.
Know how to negotiate with lenders.
Here’s an example, a text message I received from one of my clients who was initially stressed out about his debt, but then he did the Rich Habits coaching.