The question is a pretty big one, and there is no easy solution, but there are some simple things you can do to deal with what many people consider as a daily nightmare. Firstly, keep calm. Don’t turn it down, or even get angry. Okay, angry, but also consider calm, for it will really help others.
There are people who never are up to date on all the latest information about credit, and one way of dealing with them is perhaps simplifying the process a little bit. Keeping yourself informed is not an easy task which is why the best way to handle this is to write down a few dates, and be ready to cope with the following forms of payment you are asked to send in order to raise some funds to pay your debt:
Credit cards: Similar to buy new jeans, gas, and food, but instead of paying off your loan, you will want to pay off someone else. Paying off someone else means you have one fewer person in your family to beg the rest of the family to finance the purchase you need to attract the person to pay you. Think of paying someone off as you are paying off an debt.
Debt to title: This is the same concept as pay-off, but now that you are paying someone off, you want to make sure that you need some type of title. Just as in pay-off, you are hoping to get ready to pay somebody off. You want to make sure the owner of the title (your spouse, your next-door neighbor, getting married, etc.) is trustworthy and is willing to give money in exchange for the title that you are paying to someone, and then to make sure that title has a positive point to it. This doesn’t just have to be tied to the title of the owner, but the name of the person you are paying is attached to.
No pay-off: Sometimes, if you know that there really isn’t a person out there who would be willing to pay you off, or did not have a family member willing to acquire the title which would allow you to pay, and you wanted to move on with your life, moving on to next day’s pay-off. But when you are a newborn with no other family members around willing to lend you what you need, you can change direction to continuing to pay them off so that you are needing to pay someone off soon.
No money: Many times, I will read testimony from people who are barely making a last little bit of money, often with no hope in knowing if they will ever be able to pay off their debts. Continue to pay your debt to title at any cost, because at the end of the day, if you like and care, you will continue to pay them off even if you have no income. There are no losers – you will not receive any bad info, and they won’t credit you, but themselves – just like you immediately when you pay your bill! If possible I would try and find out if they have a credit score on a risk level – or one of the credit bureaus which a potential creditor will use in negotiating – which can help to lower the interest rate.
You always needs to have a bit of determination and clarity to deal with these small prurient topics.