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Consolidating Collection Accounts


Aristophanes Rep Points:
Posted on November 16, 2009 at 1:12 am
what is the best way to go about consolidating collection accounts? i have a lot of them now and they total around $15,000 in different credit cards. my bill collectors have been calling me incessantly even at work and it's really bad. pls help.

Lurker Rep Points:
Posted on November 16, 2009 at 1:27 am
The best way in consolidation collection accounts given your specific case would be settling the debt. Your creditor is most likely to give you a chance to do so given that your account is already in collections. If it has charged off, the chances are much higher.You're also qualified for the settlement given your debt amount.Of course, consolidating a debt depends on a lot of different factors.

Purple Cow Rep Points:
Posted on November 16, 2009 at 1:36 am
Other than consolidating collection accounts you can also request for no calls at work. That is part of your rights as a consumer according to the FDCPA. A verbal request for no calls at the workplace will suffice.

Aristophanes Rep Points:
Posted on November 16, 2009 at 1:46 am
What if I get a loan in consolidating collection accounts? Will that help me?