If you are struggling to make your credit card payments or to pay off other debts, it may be time to start negotiating with creditors in order to avoid bankruptcy proceedings. You need to be prepared though, as they are used to people requesting some sort of concessions in negotiations and very good at avoiding them. Keep in mind that while you’ll only be going through this negotiation  ..

Receiving a notice from a debt collector is generally unpleasant. Getting two such notices is even less enjoyable. Getting two collections letters from different companies regarding the same debt? Not only is that frustrating, it can be extremely confusing. If multiple companies contact you about a single debt, there are a few things you should do. First, if you’ve interacted with the c ..

The debt collections industry in the U.S. is so under-regulated these days that even debt collectors are getting scammed by debt collectors, as the New York Times Magazine illustrated in a lengthy feature this past weekend. When a debt is left unpaid, it’s common practice for lenders — banks, credit card companies, cell phone providers, hospitals, car dealers — to sell the  ..

Do you get calls from a debt collection agency? As embarrassing as it may feel, at least you’re not alone. According to a recent study, over a third of Americans have an average of about $5k of debt in collections. If you’re one of them, this not only hurts your chances of getting a loan but also affects how much you pay for insurance and even your ability to get a job or promotion. He ..