What do I communicate?
Date: Tue, 08/10/2010 - 07:36
I've heard, so far, that you should always communicate with your creditors on a monthly basis, while you purposely fall behind and not make your payments. I still don't understand what I am supposed to tell them when they do call, especially, when I have no income whatsoever and cannot pay them? What options do the unemployed have in this situation? The assumption has been that everyone is employed. Not in today's world.
You tell them just that "I am unemployed and cannot make my paym
You tell them just that "I am unemployed and cannot make my payments". I would take 1 call a month.
I agree with Ozzie! Communication is a good thing! Be up front a
I agree with Ozzie! Communication is a good thing! Be up front about your situation! One in around ten people is unemployed right now and the companies appreciate not having to waste the man hours calling people over and over who will not communicate! As long as the process is courteous all around, communicate! If it becomes ugly and threatening as in 3rd party collectors with no compassion then you send a cease communication letter!
