Navigating Debt Collectors and Court Orders

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Episode 3113:

Red shares her raw, firsthand experience of battling credit card debt, offering six empowering strategies to regain control and silence relentless creditors. From knowing your legal rights to negotiating smarter repayment plans, her advice helps turn fear into action and financial freedom.

Read along with the original article(s) here: https://www.budgetsaresexy.com/6-ways-to-knock-out-creditors/

Quotes to ponder:

"I easily received 15 phone calls a day. Sometimes they would leave a voicemail, but I deleted it without listening."

"You’ll need a realistic budget to get out of this debt, and seeing the light at the end of the tunnel is better than blindly making minimum payments."

"Most companies will reduce your interest rate if they know it increases the odds of getting some of their money back."

Episode references:

The Pew Charitable Trust report on debt collection lawsuits: https://www.pewtrusts.org/en/research-and-analysis/reports/2020/05/how-debt-collectors-are-transforming-the-business-of-state-courts

The Fair Debt Collection Practices Act: https://www.consumerfinance.gov/rules-policy/regulations/1006/

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