The best way to avoid never-ending pressure from creditors to repay overdue bills is to not let the bills become overdue in the first place -- or better yet, to avoid getting into debt at all (to the extent possible). Even though credit cards, mortgage loans, and car payments are a virtual necessity in the lives of most consumers today, minimizing debt and avoiding overdue bills are in everyone's best interests. Following are some tips on avoiding debts and staying out of trouble with creditors.
Some common-sense rules can help individuals avoid debt -- at least the level of debt that cannot be repaid when due:
Avoid "Credit Scams"
Another way to avoid creating more debt is to watch out for credit repair or credit counseling scams. Everyday, companies appeal to consumers with poor credit histories -- promising, for a fee, to clean up their credit reports so they can get a car loan, a home mortgage, insurance, or even a job. The truth is, after consumers pay hundreds (even thousands) of dollars in up-front fees, these companies may do nothing to improve the debtors' credit reports, and, worse yet, many simply vanish with the unsuspecting consumers' money.
Thus, in many cases, the only ones who end up in better financial shape as a result of these "efforts" (or the lack thereof) are the counseling organizations themselves, while consumers are left with even fewer resources as a result of high fees and more delinquent debts.
Tips that can help consumers avoid credit scams include:
Next Steps: Get a Free Attorney Match
Looking to fight off creditors and pay down your bills? Thinking of filing for bankruptcy, but not sure of the legal ramifications? Get all these questions and more answered from an experienced legal professional. You can start the process with a free attorney match from a local bankruptcy attorney today at no obligation.