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During financially hard times, be honest and tell vendors you are short on funds while you pay them a percentage of what you owe. If you make the effort and send a partial payment and acknowledge the shortfall, they will at least appreciate your limited effort. They may not take you off credit hold, but you will follow up every week with a partial payment until it is paid off.  The effort goes much farther than sending nothing making no attempt in maintaining your relationship. Show them some integrity even if it is not everything they want.  They are also far more unlikely to start a suit if receiving funds every week towards the balance.  They are not interested in paying a percentage of the amount remaining to a collection service.  Keep making payments, even if they are small.

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