Tip for dealing with creditors when you are short on cash
When money becomes an issue and you do not have money to pay all your creditors, start at the top of your priority list and list how much you have to pay the creditor to keep yourself out of immediate financial problems.
You can successfully turn even current bad debts into a positive credit rating.
Your goal is to approach these creditors and negotiate repayment plans that sincerely demonstrate your ability to make regular payments on time, pay off the debts you owe, and revive their interest in you as a customer.
Remember you will always obtain a better outcome when you negotiate directly with a creditor rather than with a collection agency.
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