Montag, 1. August 2011

How to Negotiate Unsecured Debts With Collection Agencies

Most debts that are assigned to debt collection agencies are unsecured debts that do not have any collateral attached to them. Examples of such debts include credit card debt, medical bills, telephone bills, payday loans, gym dues, health club memberships, unsecured lines of credit, lawyer fees, etc. If the creditor is flexible, it might be willing to accept a lump sum settlement below the full amount to avoid spending months of collection efforts and expenses.

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