As much as you would like to think of something else you
cannot address the situation without facing it. If you want
a creditor after you, the fastest way is too ignore them.
You owe them money and if they think you are going to stiff
them they will try even harder to get it back. If you put
your head in the sand then someone is going to come along
sooner rather than later and give you a big kick in the
butt and it's going to hurt because you won't see it
coming. By contacting them you can prepare for them and
also possibly get a plan set up that suites your needs.
When they are going after you then it will be them deciding
your fate.
That kick will come from a creditor who you haven't
contacted to work out an arrangement for payment of an
outstanding debt or possibly even the bank with a
notification of a pending foreclosure on your house.
Possibly a guy showing up at your door to repossess your
car that you need to get to work to pay the bills. You
might wake up to find your electricity is off. You might
find yourself getting a notice of eviction simply because
you didn't contact your landlord to make a payment
arrangement while you get your finances sorted. All of
these situations can be worked out if you take the first
step and contact them.
You need to face the facts that you have a problem and then
set yourself goals to resolving the problem. Problems that
are left usually present themselves as bigger problems a
short way down the line so today is the day that you need
to start looking at your debts. What will happen is the
"Snowball effect" which is more and more problems adding on
to a small problem to start out with till it becomes huge.
Taking action now can result in savings of interest and
late payment fees. People who have money generally pay less
than those who don't because they are able to pay debt on
time and don't have to fund the additional expense of late
payments in one form or another. If you can work out that
arrangement you too can also avoid late fees and higher
interest. In the long run the savings will allow you to pay
off other debts until you are debt free and can live again
without worry about collectors calling.
There is one thing that is certain and that is the fact
that people who owe money might forget what they owe but
those who are owed always know how much is due, so you
might prefer to forget but your creditors won't.Also - more
often than not a creditor will adopt a far more positive
attitude towards you if you explain the situation you are
in and let them know that you are currently working towards
full and final payment of the debt as soon as possible.
Bottom Line: Communication can do wonders for your debt
reduction program. Why not start a conversation Today!
----------------------------------------------------
David Forer is a financial veteran of 15 years. To tap into
his knowledge about credit repair, debt management, and
budgeting go to his blog at
http://www.creditrepairdoneeasy.com and receive a free ten
page report.
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