When in debt call the doctor. Luls.
While doing my usual rounds on the net, I found this informative site about debt collection, 3debtconsolidation.com. The site has a lot of informative articles about managing your debt and how you can negotiate with a debt collector.
The site offers information about debt consolidation, both secured and unsecured. They also have debt calculators that you can use and you can actually give them a call for a free credit counseling. And they also have some tips on how to deal with debt collectors. Here are a few from their site:
Tips For Dealing With A Debt Collector
In order to start negotiating debt with a debt collector, you’ll need to keep a few things in mind:
1. You need to prioritize your bills and decide how much you can afford to pay a debt collector. Don’t get in over your head or agree to make a payment when you really cannot afford it. Though a debt collector will make you feel like you have to make a payment immediately, don’t do it if it means you won’t be able to provide for your family this week.
2. Debt collectors deal with debt negotiation every day. They’re pros. So be wary of them. Don’t provide your work address, your banking information or your checking account information to them. Though you are protected against illegal tactics by debt collectors, they are willing to do almost anything to get your debt paid.
3. Keep a record of anything. Collect all the unpaid notices you are sent and record any phone calls with your debt collector (provided this is legal in your state). This will put you in control with the debt collector and make you more confident when you speak to them.
