Re: 10 facts the credit cards companies probably don't want you to know
Great advice, Alex.
Collection agencies try to use intimidation and scare tactics. Know your rights and try to negotiate whenever possible.
And...live within your means! Go back to the mentality of our grandparents who saved for what they wanted.
Paying for something in cash always gives you an advantage.
1) Sometimes you can negotiate a lower price when paying cash
and
2) If you pay for it in cash, you pay for it once (not for 3 years with 28% interest) and no one can repossess it because it's yours!
and....stay away from payday cash advance places. Once you start going to them, it's very hard to stop and you're not going to get out of debt for a LONG long time if you start down that road..
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