Debt collectors aren't imposed by laws to accept a payment plan to accommodate your budget on overdue accounts. Debt collectors want to earn a profit on your outstanding debt. To guarantee their security, they might charge high monthly fees, and if you fail to meet your obligations, debt collectors are within their rights to initiate a lawsuit against you for the debt.
If you are trying to consolidate your debt and consider requesting a payment plan with a creditor. The debt collector is free to refuse the requested payment plan, but other options are still available. These include:
Debt Collectors are there to do their jobs. They can charge high monthly fees, and if you cannot negotiate a deal, you may face even more debt. If you want to dispute a debt claim, it is easier, and more cost effective to work with a company like Credit Sage. Our aim is to help you build the strongest case possible when disputing inaccurate collections.
Speak with a live credit specialist for your free consultation, now