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How to Settle Bad Debt
Bad debt is something that has gone to collections. Debt often gets sold off to debt collection agencies when you don’t pay on it enough to satisfy the creditor. Sometimes they will sue you in order to get their money. It’s never good to let any accounts get to this state, however, you can use it to your advantage. At this point the collectors or creditors should accept a settlement. Settling an account means you can negotiate a lump sum payment to “payoff” the account. You cannot settle debt with the IRS or government student loans. You must be careful … Continue reading How to Settle Bad Debt