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Talk to Your Creditors

If you begin to fall behind in your payments, contact your creditors immediately. Most are willing to work out an alternative payment schedule with you if you expect to repay your loan or balance within a reasonable period of time.

Creditors and lenders want to collect their money at the least possible cost. By working with you before the situation becomes critical, they can save time and money on collection efforts, and they know up front when to expect payment.

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