How to Use Your Tax Refund to Pay Off Credit Card Collectors at Half The Owed Amount
Posted by: Lizzy
on Feb 06, 2012 
This time of year credit card collection agencies are in full swing, making constant calls and sending out the best account closure offers ever. Those that have been fighting to keep their head above water or have completely drowned altogether can use tax refund time as a life preserver. So save those notices and erase your debt for a fraction of what you owe using these simple steps:
1. Look for your overdue credit card collection notices in the mail and save them.
2. Sort through the offers given for this time of year and find any that have one time settlement payments which can be less than half of the actual balance.
3. Use your tax refund wisely to pay off whichever settlement offers give you the most bang for your buck.
4. Once you have eliminated the debts associated with the best settlement offers and you still have some of your refund left, move on to the remaining collection notices.
5. Call the numbers on the remaining numbers and tell them you would like to settle the debt and offer to pay 50% of the account balance to close the account. Negotiate from there using that method to stretch your refund out as much as possible.
This can be the only time of year for many individuals and families to redeem themselves and begin the road to repairing damaged credit. Don’t let this chance to make things right slip away. Take advantage of these limited time settlement offers and get yourself back above water once again!
As always please stay tuned to CreditCardsProfessor.com for more of the latest credit card news, special promotional offers and important cardholder updates!
