Quote:
Originally Posted by LucyG
I'm an accountant so let me give you some advice. Talk to your creditors and work out a payment plan with them, even if it's $10 a month. Most of them just want regular payments from the debtor, not them hiding from them as it costs a lot to send a debt to collection--you lose around half the value of the debt when you sell it to a collection agency.
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This is what I've been trying to do, so it's nice to have some reassurance. I've been so stressed out about money I called tonight and reduced my monthly payment temporarily with one collector.