Don’t be afraid to negotiate with your creditors. They are a business that need money especially in these tough times. Try to negotiate a percent less then what you own if your debit is in collections. Assure them you are trying to pay off the debit and you would like it to be removed off your credit report. Always get the reduce amount in writing before you send the settlement.
Next: In addition: Loan Element
1. The Essentials: Elements of My Money Management Flow Chart
2. Advanced: Elements of My "ADVANCED" Money Management Flow Chart
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