Make sure you can afford to pay for what you have proposed. Once the collection company agrees, you can only have a small window to make the payment. This process is called debt settlement. If you are able to pay off your debts, this will almost always be a better option. But if a high lump sum payment puts you in danger of fighting each month to pay for your essentials, a temporary repayment agreement may be the safest choice. Debt collection companies use all the information they can get on you to recover debts from you – so be careful what you disclose in your conversations. Stay in control of your emotions, no matter what and talk only about your offer. Avoid discussing your income or other financial obligations. If a collection company threatens you with violence or physical violence, contact the police immediately. You can stop calls and letters by asking the collection company to stop contacting you.

However, in general, you can only delete a collection from your credit report if it is inaccurate or exceeds the time limit for credit reports. You can challenge the debt or ask the collection company for more information. If you don`t know who you owe money to or how much you owe, it`s usually a good idea to know more. If you dispute in writing a debt or part of a debt with the collection company within 30 days of receiving the validation notification, the collection company can contact you again only if it sends you a written debt check. If you are late in payments or need a little air to take control of your finances, you can arrange debt payment plans directly with your creditors. If you haven`t fallen behind in payments yet, you should try to track your contractual payments. However, if your budget indicates that you will have difficulty continuing to pay the full amount you have agreed to pay each month, you may need cash advice. Think about whether you can pay everything in a lump sum or split into a few payments. Remember, debt collectors will want to collect as quickly as possible, so the allocation of your payments over more than a few months will probably not be an option.