What to do when dealing with debt collectors.
Step One: Cancel your credit cards. no point in trying to settle the debt only to go right back the same road or temptation, or even keep racking up debt while trying to rid of it.
Step Two: find out what finances you have available. What do you have that is expendable per month, or any large lump sums.
Step Three: Find out what plans the debtors are willing to work out with you. What kind or plans to help pay off. Do they offer lump sum, forbearance, Some kind of Debt management program.
Step four: Be ready to negotiate, DO NOT just accept their first offer. From personal experience with my grandmothers debt even when they say that as low as they can go, it most certainty is not. I have found 50 percent is do-able for them.