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I need help writing a letter to a collection corporation. My debt is a valid debt, but the problem is... I have no means to pay them. I have no job, and I am enrolled in a government program.
What I need is a good outline in telling the creditors that I really can't pay them the money I owe. I really can't. I don't even have a home or vehical they can take from me to settle the debt.
That would be great, but I don't have money for this either... I really am unemployed, my debt is a medical bill... A really big one for me, I'm only 22...
Engage a reputed debt settlement company to ward off debt..
Debts are to be paid & you cannot leave it just like that. You need to look for a job that can fetch you some money for your living & paying off your debts. Hire a good lawyer or debt settlement company who can negotiate on your behalf & pay off your debts. By enrolling with a debt settlement company, your debts can be reduced by more than half depending on your creditors. But this would definitely take a hit on your credit score. But if you don't pay off, the creditors might sue you & there are possibilities of losing prospective employers.