CONSOLIDATE DEBT NOW BLOG

Posts Tagged ‘repayment schedule’

How Can I stop Collection calls?  It seems simple enough but for most people the easiest way to deal with them is to avoid them.  Some people take it a step further and will change or unpublish their phone number and will do just about anything to avoid speaking to a bill collector.  The truth of the matter is that avoiding collection calls is not a solution and the only person you hurt in the end is you.  Sure there is a temporary sense of relief but the anguish of having to deal with your problems will always be looming in the background.

I am not an advocate or an endorser for collection agencies but I believe they do serve a necessary purpose.  Some people disagree with some of the tactics they employ and everyone has heard a story of how someone they know had terrible experience dealing with them.  Creditors use collection agencies to assist consumers to get back on track and negotiate with their clients who are having a difficult time repaying their bills in accordance with their original contract.  The reality is that anyone who has ever had a poor experience with a collection agency has usually tried to deceive them or tried to avoid working out a reasonable repayment schedule that is consistent with their situation.

A typical situation begins with a collection agent contacting a client and trying to assist a consumer in finding a means of satisfying their debts.  The average consumer does not arbitrarily stop paying their bills for no reason.  Usually some type of misfortune typically has occurred rendering the consumer unable to adhere to their original contract.  Whether it stems from a job loss, sudden disability/sickness or it is the result of a depressed economy people don’t just up and stop paying their bills for no reason.  Collection agents are well aware of this and they will work with you to resolve your debts to the best of your current financial circumstances.
It is very hard for a consumer who is not working, who has fallen ill or has an inability to demonstrate income to go out and borrow unsecured money to get themselves out of collections immediately.  If you do not have the means to make restitution right away this does not mean that you can’t find a solution to resolve your debts amicably by talking to the collection agency.  For those people who are fortunate enough to have equity in their property there are still a number of other options.

People’s first instinct is to call their bank but more often than not people find that the banks lending criteria is very strict and is primarily based on credit.  This is where an experience mortgage broker/agent can play an integral role in repairing your credit and getting your accounts out of collections.  There are a number of alternative lenders and private resources that offer secured loans and lines of credit based on common sense lending and that place less emphasis on credit scores.  Find an experienced mortgage broker/agent who is familiar not only familiar with helping clients with poor credit but that understands the collection process.  This will ensure that you not only get the best interest rate and lower your overall monthly payments but it guarantees that you have someone in your corner that knows the ins-and-outs of collection agencies.  Just by simply consolidating your credit cards, loan payments and other high interest debts you can save thousands of dollars in payments every month.  In some cases you can eliminate personal income tax arrears, previous years property taxes and even catch up on missed mortgage payments.  Call 1-866-668-6570, toll-free today for your no obligation quote and stop collection calls today!