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Deal with Your Debt: The Right Way to Manage Your Bill$ and Pay Off What You Owe by Liz Pulliam Weston

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What if Your Creditors Won't Budge?

Barbara in Connecticut cosigned $40,000 in student loans for her son, who then had trouble finding work after college. She and her husband had their own troubles, including injuries and job losses that reduced their income substantially.

The family fell behind on its payments, and the loans were turned over to collections. Their pleas for a repayment plan they can afford have been rebuffed.

“[We] feel as if we are living in a nightmare...we tried harder than hard,” Barbara wrote. “They could care less.”

If your efforts to negotiate with creditors or collectors fail, consider hiring an attorney to make your case. You can get referrals from your local bar association or the National Association of Consumer Advocates ...

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