Dec 28 2007
Negotiating Your Debts.
If you’re in a really bad situation, and you just can’t even make your minimum payments this month, don’t worry. You can negotiate your debts, and pay back much less than you owe – as long as they get their debt plus interest in the end, no-one is expecting you to pay the full amount when you just can’t afford to.
Settling your debts takes a lot of time, and many people find it intimidating. If you do it right, though, you’ll be surprised at how kind your creditors (that is, the people you owe money to) can be.
