Negotiation

A black chalkboard with a wooden frame displays the handwritten message "DON'T GIVE UP" in white chalk. A piece of chalk rests on the bottom edge, ready to renegotiate any doubts that might arise.

What to Do If a Creditor Will Not Renegotiate the Terms of Your Agreement

One of the options you have when you can’t pay an outstanding debt is to renegotiate the terms of your agreement directly with your creditor. You might choose to do this before the account goes to collections so that the incident doesn’t go on your credit report and negatively affects your credit rating. Some creditors […]

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A green circle labeled "one side" and a blue circle labeled "other side" overlap. An arrow pointing to the overlap area is labeled "compromise," much like how a financial planner balances your budget for optimal credit health.

How to Re-negotiate the Amount You Are Paying to a Collection Agency

Dealing with a collection agency can be stressful. You need to flex some negotiating skills in order to work with debt collectors and if you’re on a monthly payment plan, ensure that every single payment gets to them on time. Remember that a single missed payment could change the financing agreement and you could end up

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