How to Talk to Your Creditors When Behind On Bills - FWS007

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Are there any options when you fall behind on your bills?

Coach Parkey joins us today to share ideas for dealing with collectors.

When do you call your creditors?

What can you negotiate with?

Is there a moral responsibility to to pay the debt in full?

Dealing with collectors isn’t fun, but ignoring them is the worst thing you can do. 

Best practices for settling debts or negotiating new terms:

Communicate Be honest about your situation Offer them only what you have Get any new deals put into writing Never give collectors banking information  Send cashier checks via certified mail

While dealing with creditors is scary, it is only temporary. Once a new deal is negotiated you have another chance to satisfy your creditors. 

If you are looking for assistance, support, or a Financial Coach to help you get through this, contact one of our coaches like Coach Parkey at http://FinancialWellnessShow.com/FindACoach