The best defense in these turbulent times is to pay your bills on time and keep your outstanding balances on your revolving accounts (charge accounts) below 50% of their limit. If you find yourself in a difficult situation and you are being pursued by a bad debt recovery company, try to negotiate. Most debt collection [...]

In these difficult times collection agents must keep in mind that when there isn’t enough money to pay everyone, the debtor will most likely pay the companies that are willing to work with them first.