Posts tagged as:

collection calls

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Why Do Creditors File Lawsuits?

May 11, 2010

If you are struggling to repay your credit card debt, you are certainly not alone. You probably have friends, family members or co-workers who are in the same boat. As soon as you fall behind on your payments, you start receiving debt collection calls. For about the first six months or so, the debt collection [...]

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What Happens If You Can’t Pay Your Creditors?

April 29, 2010

With the prolonged economic downturn that we find ourselves in, you should consider yourself lucky if you aren’t having any debt struggles. The fact is, millions of Americans are experiencing debt struggles in one form or another. If you are having financial difficulties and you are not able to pay your creditors as originally agreed, [...]

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4 Warning Signs When Looking For A Debt Settlement Company

April 20, 2010

If you have decided that debt settlement is the best strategy for your particular debt situation and you have decided to not handle your own negotiations, then you need to find a third party debt settlement company to work with. Given all of the scams and fraudulent companies operating in this industry these days, now [...]

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Personality Traits Suited For Debt Settlement

April 15, 2010

Given all of the so-called personal finance “experts” out there and everything published regarding the various debt reduction programs available to consumers, I’m amazed that hardly any of them seem to consider the important role a person’s personality plays in the whole equation. If you are considering debt settlement to help you get your debt [...]

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Why Cease And Desist Letters Can Backfire On You

April 8, 2010

Many consumers have already fallen behind on their minimum monthly debt payments and have started to receive debt collection phone calls when they finally seek help. Many third party debt settlement companies routinely take advantage of the consumer’s frustration and promise they will stop the phone calls. But the truth is they can’t. No one [...]

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3 Drawbacks of Debt Settlement

March 30, 2010

Regular readers of the DIY Debt blog know how important it is to fully research the different debt reduction strategies available before deciding which one is most appropriate for you and your specific situation.There is no substitute for doing your own homework and fully educating yourself on the pros and cons before committing to a [...]

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How To Avoid Creditor Lawsuits

March 23, 2010

If you are one of the many people struggling to pay back your debts, one of the things you’ve probably wondered about is the likelihood of being sued by your creditors. And if you’ve ever had a consultation with a debt settlement company and asked the debt consultant (aka sales rep) about this, it’s very [...]

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How To Handle Creditor and Debt Collector Calls

February 23, 2010

No matter how many times third party debt settlement companies say they can stop creditor phone calls, they can’t. No one can.  Original creditors have the right to try and collect on debt owed them. The reality is creditor phone calls are an unavoidable part of the collections process. Anyone or any company that says [...]

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