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  2. How to pay off a debt in collections

    www.aol.com/finance/pay-off-debt-collections...

    You might also be interested in how to set up a debt payoff plan and stick to it. 8. Make your payment (s) as agreed. Once you’ve agreed on a payment plan with the debt collector, make sure you ...

  3. Which debt should you pay off first? Five options to consider

    www.aol.com/finance/debt-pay-off-first-five...

    Option 1: The “high-interest first” strategy. Paying off high-interest debt first is commonly referred to as the avalanche method. This involves making the minimum monthly payments on all of ...

  4. How long can a debt collector pursue old debt?

    www.aol.com/finance/long-debt-collector-pursue...

    Rather, ask for the debt collection notice they're required to give you within a 5 day period. The amount of time that a debt collector can legally pursue old debt varies by state and type of debt ...

  5. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    Process. Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled.

  6. Effective strategies and tips to pay off debt - AOL

    www.aol.com/finance/pay-off-debt-compare...

    Paying off debt requires carefully studying your current circumstances and understanding available options. With this information, you can create and implement a successful action plan to make ...

  7. Debt collection - Wikipedia

    en.wikipedia.org/wiki/Debt_collection

    Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1] Most collection agencies operate as agents of creditors and ...

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