Comments on: Know Your Charge Off Amounts On Your Outstanding Debt

By: Mitch

Mitch — Tue, 24 Nov 2009 04:39:16 +0000

True Joel, but we both know that’s fairly unrealistic, otherwise it would be the majority and this wouldn’t even be a discussion. So, I try to help folks out where I can.

By: C

Tue, 24 Nov 2009 03:25:34 +0000

Of course it is worth mentioning that one should pah off their cards in full every month and then there won’t be situations like these but great advice for those that get beyond that point.
Credit Card Chaser´s last blog ..Credit Cards & Bankruptcy: A Visual Tragedy

By: Mitch

Mitch — Wed, 30 Sep 2009 16:48:59 +0000

Absolutely Candace. Not enough people doing that, unfortunately.

By: Candace

Candace — Wed, 30 Sep 2009 16:12:29 +0000

Excellent information to know. Always check your free credit report online – it contains a wealth of information to help you get your credit score back on track. And as you said, it can also help you pay less to creditors hounding you for payment of past due debt.

By: Mitch

Mitch — Sat, 20 Jun 2009 22:50:43 +0000

Well, you didn’t really find it, since you’re the one who produced it, but it seems like a pretty good video so I’ll ignore the subterfuge.

By: Chris

Chris — Sat, 20 Jun 2009 16:22:51 +0000

Debt is the biggest issue facing us all.
I found this video on YouTube which really opened my eyes to the importance of getting out of debt: http://www.youtube.com/watch?v=50bWUrKAbwU
I am sure you will be as amazed as I was.

By: admin

admin — Sat, 22 Dec 2007 18:40:37 +0000

First, thanks for being my first comment poster. Second, it’s amazing how sneaky these people can be. I actually got called by one of these folks about an outstanding debt that I knew I didn’t have because I had my credit report. I sent them a letter and a copy, and they totally backed off. We all have to know what’s going on with our information.

By: spookyyank

spookyyank — Sat, 15 Dec 2007 23:14:13 +0000

This is very true! A good friend of mine used to work in accounting and told me an industry secret! Not only do the collections agencies pay very little for your debt, but you can totally haggle with them! Now, they are free to refuse your offer, but you can still try. Since they believe that they’ll never actually see the whole amount (if anything!) they’ll often take any resonable offer. So, it is entirely possable that they’ll accept even $800.00 on a $2,000.00 debt. It’s really worth the try! By saying “Look, this is all I can give you to pay it off” you’ll have the best shot!