What should I do if a creditor refuses to accept a payment plan?

If a creditor refuses to accept a payment plan, the first step is to contact the creditor and further discuss the issue in order to come to an agreement. It is important to have all the documentation and paperwork you have regarding the issue on hand before reaching out. If the creditor is still being uncooperative, it is best to contact the Department of Consumer Affairs in California or a local consumer credit counseling agency to discuss options. They may be able to provide support and advice, as well as help you negotiate with the creditor. You may also want to consider consulting a lawyer specializing in consumer debt defense law for advice. A lawyer can help you determine if the creditor is breaking any laws and if the dispute can be taken to court. Finally, if all else fails, you can try making a complaint to the Federal Trade Commission, who then investigates any possible violations of the Fair Debt Collection Practices Act. Most importantly, take action as soon as you become aware of the issue. Creditors are usually more open to negotiating and working out a payment plan when contacted early on before the debt escalates and accumulates late fees and penalties.

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What should I do if a creditor refuses to accept a payment plan?

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