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If you have failed to pay one or two installments on time there are full chances that gradually you will get a call from your debt collector. Nobody likes debt collector’s calls, if you are successful in stopping their calls, then be sure they will be calling soon again for more amount than they are calling for right now. Instead of trying to avoid them or finding a way to do so, some individuals perhaps decides to work with them and try to rectify his situation. In case you decide that working with a Debt Consolidation Loan collector is better than fighting him then here is a step by step way of going about it.

The steps

It is important to get your collection notice in writing. Once you get the amount and you know this is the correct amount you can proceed with it. On the contrary if you think that the amount mentioned is less or you have already paid the amount notified then get back to them immediately in writing regarding what you think of their notice. You can ask for verification. However, once you are sure of the amount, then you should work with him like any lender. You should negotiate the debt and come up with a new payment plan that works for you. They will be ready to negotiate even for a Bad Credit Debt Consolidation Loan if you make clear that negotiating is their only option. Once you arrive on an agreement you should get it in writing, also get all your payments in writing. Once you are through with paying all your payments there should be no more collector’s call. This can be better option than living with a fear of a Credit Card Debt Consolidation loan collector’s call.

Certain things you should be aware about are:

Do not give out any personal bank information when you are negotiating with the debtor. There is no need to give access to your collector to your account for payments. Do not allow for any harassment or abusive practices by the collectors. It is against the law; collectors have to abide by the Fair Debt Collection Practices Act.