how to manage debt

Understanding how to manage debt begins with the fundamentals. Internal debt collection departments and collection agencies only take action when consumers are in default, behind on payments, or their credit history has been subjected to reporting errors.

Whatever the cause, considerable resources now exist to assist consumers in their efforts to protect their credit histories and recover from related crises.

How to Manage Debt — Suggestions

  1. Determine the total debt
  2. Identify and prioritize all creditors
  3. Establish a monthly spending budget
  4. Generate a monthly payment schedule
  5. Pay bills on time
  6. Make at least the minimum monthly payment for every debt
  7. Pay off collections and charge-offs
  8. Recognize the signs that external help is needed

How to Manage Debt — Additional Resources

This communication is from a debt collector. This is an attempt to collect a debt and any information obtained will be used for that purpose.

Notice for California Residents.  Pursuant to the California Consumer Privacy Act, we collect the following categories of personal information:  Personal identifiers such as names, addresses and telephone numbers; identification numbers and account information, payment and other financial or personal history information; audio recordings; geographic information; education and employment information; other identifying information such as Internet and web site activity; and inferences drawn from any of the above information.  We do not sell your personal information.  These categories of personal information are used for the business purposes of debt collection, to fulfill the reason for which information is provided or obtained, and to comply with legal obligations.  Our Privacy Policy, and information on how a consumer with a disability may access this notice in an alternate format, may be found at or by calling 1-866-401-0788.