If you have been contacted by a debt recovery agency with regard to an overdue account or non payment for goods then it may be reassuring to know that there are payment solutions available. If you genuinely owe the money and can afford to pay, then using delaying tactics will just lead to extra hassle from the collection agency, the possibility of added interest and sometimes the unwanted call of the bailiff. So if you can afford to pay and there is no dispute about the service or goods provided, then it is best to settle up your account as soon as possible.
If you simply cannot afford to pay the debt then it is possible to negotiate a payment plan, in conjunction with the debt recovery agency concerned. This is usually worked out so that the repayment amount is affordable for you, with your everyday living costs taken into account. Before you negotiate a repayment amount, it is helpful to seek advice from a free independent charity such as National Debt Line or the Citizens Advice Bureau. They can help you to work out an affordable payment and advise you on your legal rights and obligations to the debt recovery agency.
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