Money Fix: Handling debt collectors

It's bad enough when you're overwhelmed with debt, but that doesn't mean you have to take bullying from creditors. Federal agencies like the Consumer Financial Protection Bureau recently have cracked down on debt collectors' unfair, deceptive or abusive practices. You have rights.

Here's how to take on creditors.

Know too, says Heath, "You have the right to negotiate with a collection agency to settle any debt for less than what you owe."