Credit Tips from a Bad Debt Recovery Collector

10/6/2009

The best defense in these turbulent times is to pay your bills on time and keep your outstanding balances on your revolving accounts (charge accounts) below 50% of their limit. If you find yourself in a difficult situation and you are being pursued by a bad debt recovery company, try to negotiate. Most debt collection agencies realize that times are tough and a willingness to pay goes a long way in resolving the bad debt. Also, negotiate on the debt collection agency reporting to the credit bureaus. Credit bureaus rely on the data supplied by the bad debt recovery companies or even healthcare receivables debt collection agencies to compile a credit profile on you.

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2 responses to “Credit Tips from a Bad Debt Recovery Collector”

17 02 2009
Credit Tips from a Bad Debt Recovery Collector | Debt Recovery « Credit Tips (11:41:05) :

[...] Here i­s the o­ri­gi­nal: Credit Tip­s f­rom­ a­ Ba­d Debt Recovery Col­l­ector | Debt Reco… [...]

17 02 2009
Credit Tips from a Bad Debt Recovery Collector |… | Creditaholic (11:57:14) :

[...] is the original: Credit Tips from a Bad Debt Recovery Collector |… Categories : [...]

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