We all want to pay our bills on time but sometimes due to some financial crunch it is not possible to make even the minimum payments and meet due dates.  If a debt goes unpaid for an extended period of time, creditors may turn your account to a collection department or agency.  It is true that debt collectors have the right to demand payment and take legal action if necessary, but often they would rather collect a portion of the debt than have to take more drastic actions. Before you start … [Read more...]