When a debt collector calls, it can ruin your day.
You probably know how much you owe and its intimidating to think about paying it off all at once.
Rather than ignore that call, make a run at negotiate a monthly payment option.
Whether you pay it all at once or slowly over time doesnt make much of a difference to them.
And, in fact, most are aware that you may not beableto pay it off all at once.
However, you could negotiate some remarkably easy monthly payments.
However, most debtors who pay, set up monthly payments through post-dated checks.
As collectors, we had strict guidelines and discipline on this process to avoid misappropriating those funds.
Some debtors asked us to call them on a certain day of each month and they made their payment.
If you do not offer any payment, then expect to continue getting phone calls.
Not all debt collectors make it known up front that monthly payments are an option.
