Optimal Finance Daily - Financial Independence and Money Advice

2325: 3 Tips for Paying Off Debt in Collections by Kumiko on Debt Reduction Strategies

May 30, 2023
Kumiko, an Accredited Financial Counselor and founder of The Budget Mom, shares her journey from overwhelming credit card debt to financial empowerment. She offers three powerful tips for tackling debt in collections. Listeners learn essential strategies like researching before contacting collectors, understanding negotiation tactics, and the impact of debt settlement on credit scores. Kumiko emphasizes the importance of verifying debts and staying on top of current bills, all aimed at fostering a more secure financial future.
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