"Doing so will prolong the collection process and lead ... check out the CFPB's list of sample letters. Once you've sent a debt verification request, your debt collector can't contact you again ...

See how we rate credit score services to help you make smart decisions with your money.When a payment is over 120 days late, ...

"Effectively, the letter should contain the terms you are proposing, including what you're willing to settle the debt for in exchange for the collection agency removing the past due account ...

You realize that your expenses exceed your income and you are heavily in debt; what you can afford to pay doesn’t even pay for the interest charged. One logical step you could take is to lower ...