b&b167 What to do When Debt Goes into Collections

How do you handle your accounts in collections?

When a creditor can’t get you to pay, they sell the debt to a collections agency. By the time the debt is sold, your original creditor will not speak with you about it, it’s out of their hands, and from there the situation becomes complicated. Medical bills and student loans are handled differently, depending on the collection agency, and though there are set rules, it is still overwhelming to deal with ongoing debt.

So now…what are your options? Pam and Dyalekt talk about just that. How can you negotiate with the collectors, setting up payment plans, and many other options. We also posted some links to helpful resources below.


Music Featured in this Episode:
1). Debt Collector – Blessed House

2). Debt Collectors – Soul Cannon

3). Destiny – Debt Collectors

Medical Bills Info
https://www.nerdwallet.com/blog/health/medical-bill-advocate/
http://www.creditinfocenter.com/debt/negotiate-medical-debt.shtml

Statue of Limitations:
http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml

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