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Creditors willing to haggle with debtors in tough economic times

By Danielle Sollars

In anticipation of an increase in economic and credit turmoil, creditors and debt collectors are racing to collect as much as possible from their debtors and to minimize future losses. While many banks are cutting credit lines, raising fees, and reducing lending, creditors are also giving debt collectors more latitude to work with debtors in [...]

Full post as published by Caveat Emptor on January 06, 2009 (boomark / email).