Thank you to Audible for supporting PBS. Visit https://www.audible.com/twocents or text "twocents"to 500 500 to learn more about Audible. SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H No matter what circle of Debt Collection Heck you're stuck in, we've got the tips that will help you claw your way back to the surface! sources: https://www.nerdwallet.com/blog/finance/unpaid-debt-collections/ https://www.investopedia.com/articles/personal-finance/121514/how-debt-collection-agency-business-works.asp https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text https://www.bankrate.com/finance/debt/old-debt-fall-credit-report.aspx https://www.youtube.com/watch?v=H03pg7QHsnY https://www.clearpoint.org/blog/why-credit-counseling-should-always-be-free/ https://smartasset.com/credit-score/how-to-negotiate-a-debt-settlement-on-your-own Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson Directors: Katie Graham & Andrew Matthews Written by: Philip Olson, CFP® Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Dano Johnson Images by: Shutterstock Music by: APM