Is it Ever a Good Idea to Settle a Debt?

If you have debts in collections you may be familiar with the offer letters they sometimes send. You owe $300, they say, but if you’ll pay $258 right now we’ll consider the whole debt settled. Or perhaps you’ve seen signs that tell you that you can settle your debt for “pennies on the dollar.” Or…

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Can a Collection Agency Send Text Messages?

Getting a text message from a collection agent is invasive and annoying. If you have a limited number of minutes or messages, or if you have to pay for each one, these messages can even put you in a deeper financial bind. The debt collection industry wants to contact you any way you can. And…

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