It’s been a good month at work. Really good. With that being said, I would like to seeing about negotiating with debt collectors regarding my smaller debts.
While I am still focused on my credit card debt, I would like to revisit the debt I have in collections. I’m planning to make some calls later this week and see if there is any negotiating to be done.
Don’t Pay Debt that is Not Yours
Someone recently asked me who I blamed for my debt. And I joked around saying the universe, my ex-husband and so on. But in the end, my debt is the result of MY DECISIONS. I must own it, all of it.
But that doesn’t mean, I am going to be responsible for other’s debt. Last week I got a call from American Express. They were asking me to settle a debt with them.
I have never in my life had an American Express card. Thankfully, it seems to have been settled with that one phone call. I received a letter from them acknowledging the error or fraud and that I did not owe them any money.
It was surprisingly simple.
Tips for Dealing with Collection Agencies
I read up on some tips for negotiating these payments. On the debts that are actually mine that is.
Most of the tips were common sense to me, but I learned a few things.
First, I didn’t realize that you could get them to stop calling you. Did you know that?
There are lots of legalities when it comes to collection agencies. What they can do? Where they can do it? When they can do it? And how they can do it?
The laws also govern if they can legally attempt to collect on a debt.
Hit me with your personal experience. Tell me any tips you have for getting these debts settled.