Negotiate with your creditors
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Negotiate with your creditors
The best approach to past-due bills and debt payments is to pick up the phone and deal with your creditors. Speak to someone senior in accounting and explain your situation and inability to pay. Offer to make partial payments or to set up a payment plan you can live with. Many companies would much rather come to an agreement directly with the consumer than send bills to collection, which ultimately costs them money. Best of all, this approach means your credit score is less likely to be negatively affected.
* Video: Brush up your negotiating skills
June 19 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Betty Lu reports that Dish chairman Charlie Ergen has backed away from his showdown w... More June 19 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Betty Lu reports that Dish chairman Charlie Ergen has backed away from his showdown with Softbank over Sprint to focus on Clearwire. She speaks on Bloomberg Television's "In The Loop."
Date 31 mins ago, Duration 0:55, Views 0
Video by: Bloomberg
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Have your say
Should new wireless companies Mobilicity, Wind Mobile and Public Mobile be allowed to fail?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 56 %Yes, the market will decide if they are competitive enough to survive.
2,376 votes - 35 %No, the playing field in the wireless market is not level. The government should help these companies.
1,497 votes - 9 %I don't know.
407 votes
Total Responses: 4,280
Not scientifically valid. Results are updated every minute.
