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Alternative solutions for debtors burdened by bills

Jan 18, 2012 Mike Garretson

Alternative solutions for debtors burdened by bills
With monthly bills and credit card statements that may seem unmanageable to a consumer, a debt collector may want to offer the solution of a credit card settlement company to help resolve fiscal issues that a debtor may be dealing with, EQuick News reports.
 Following the holiday season, consumers may be waking up to increased bills for the next month or so, and it may be difficult for them to handle all these payments in one fell swoop. As a debt collector, you have every right to the money you're owed, but that doesn't mean getting it will be a sure thing. In order to help your debtor come up with the payment, you can offer them alternative solutions to help alleviate the burden of bills that may be on their shoulders. Although there was a recent influx of jobs that decreased the unemployment rate to 8.5 percent, chief economist and strategist at Gluskin Sheff & Associates maintains that an overall consumer and economic recovery will take even more time. "Certainly, we’re not in a recession right now," Rosenberg told Bloomberg. "I still believe the economy is still fragile and this recovery is still quite spotty.” During these times, Americans still require guidance from financial institutions.