Tips for dealing with creditors

Most creditors are willing to work out an alternative payment schedule. Find out how to deal with creditors

Most creditors are willing to work out an alternative payment schedule with you if you expect to repay your loan or balance within a reasonable period of time.

You may consider payment arrangement, extent payment plan with smaller payment or arrangement to defer payment for months.

Before calling creditor, you need to keep in mind exactly how much you can afford to pay. Do not agree to pay more than you can afford.

Creditors and lenders want to collect their money at the least possible cost. By working with you before the situation becomes critical, they can save time and money on collection efforts, and they know up front when to expect payment.

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