How to Negotiate With Creditors to Reduce Your Debt

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Whether it’s the IRS, hospitals or credit-card companies or mortgage lenders, there are ways to get better terms—and maybe even reduce the amount owed

It would be hard to overestimate the impact of a crushing burden of debt. It can be a hole that gets deeper even after you spend years trying to fill it in. It can be a mountain that makes it hard to see past. And it can even stop the passage of time: Unable to catch up on their bills, some people delay marriage or childbearing, decline or delay medical treatment, or stay living in the homes of parents or friends.

For many people, though, the insurmountable debt may not be as insurmountable as it seems. Most creditors—from the mortgage company to the hospital to the IRS—are willing to discuss reductions in the debt load, or at least in the terms of repayment. The key for debtors isn’t to be so paralyzed that you fail to even try. Defaulting on debt can destroy a person’s credit score, or worse, lead to legal action and the seizure of property.

 

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Eliminate all income; cant squeeze blood out of a turnip!!!

국정원이 글자방해 얘기하니 음악에 눈물이라는 글자를 이용하고 있다

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