Finally, if you are seriously delinquent on a credit card, you can try a discussion called pay for deletion. Since the financial institution will have to sell the debt for 20% of its face value to a collection company once they write off the debt, the collection specialist at the financial institution (before it gets sold to a collection company) will be willing to make a deal. Offer them 30% or 40% of the outstanding balance with the agreement that he/she will delete the negative reporting from the credit agency’s report.
Introduction
0/1
Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
0/13
The Importance of Behavioral Economics
0/8
What is Money?
0/13
Analyzing Your Current Financial Situation
0/3
Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
0/18
Student Loans
0/11
Understanding the Time Value of Money
0/7
Banks and Financial Institutions
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Buying a Home
0/24
Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
0/14
Saving for Retirement
0/9
Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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