In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. discusses the sensitive and common issue of paying off debt in collections and improving credit from a Christian perspective. He explains the financial and emotional challenges of dealing with debt collectors, such as sending cease and desist letters, creating a realistic budget, and negotiating repayment terms. Ralph explores whether it’s wise to settle debts for lump sums or focus on consistent monthly payments. He emphasizes the importance of handling debt with integrity, compassion, and wisdom, providing practical financial advice and biblical wisdom to help listeners achieve financial freedom and peace of mind.
https://www.askralphpodcast.com/payoff-debt-in-collections/
00:00 Episode Overview
01:22 Previous Topic
01:56 Facing Debt in Collections
02:32 Cease and Desist Letters
03:23 Budgeting and Payment Plans
05:39 Negotiating with Debt Collectors
06:27 Rebuilding Credit
07:45 Bible Verse
08:24 Final Thoughts
09:09 Outro
