I have noticed that collection agencies send all sorts of settlement offers during tax season, hoping consumers will use their refunds to get the collection agencies off their backs instead of buying a car or the newest piece of technology. I wonder if collectors would be just as motivated, or even more desperate, to settle on terms more favorable to the consumer during the holiday season? How much does increasing their own bottom line to fund their own holiday activities (namely Thanksgiving and Christmas) weigh in their negotiations with debtors? Do they want to close/settle as many accounts as possible before their fiscal year end? What time of year is best to get the best deal?
From my personal experience, I think the best time to settle debt is during tax season. Thanks! Heather with BoostMyScore.NET
