I have made an offer to my credit card company to pay them out on a reduced amount to come out of my super under hardship. I am overdue in payments. I wish to pay them out about half what I owe if they would accept that.
They havent said no, but they want to [...]
If you find that you can’t pay your bills on time, contact your creditors immediately. Try to work out a modified payment plan that reduces your payments to a more manageable level. Don’t wait until your accounts have been turned over to a debt collector. At that point, your creditors have given up on you. [...]
According to the Federal Trade Commision (FTC) debt collectors are prohibited from saying the following:
You will be arrested if you don’t pay your debt.
They will seize, garnish, attach or sell your property or wages unless they are permitted by law to take the action and intend to do so.
That legal action will be taken against [...]
