By Tim Kowols
There are lot of things to keep in mind when it comes to debt collection, especially when it comes to third-party agencies looking to get their money. Creditors can take back homes and vehicles if you fall behind on payments while holders of unsecured debt can file judgments against you to get the money you owe. Gay Pustaver from Money Management Counselors suggests going to the root of the problem and start addressing it.
Pustaver advises people to be aware of the possible consequences that come with dealing with creditors and collection agencies to stay out of bankruptcy. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.