Stop Debt Collectors With a 11 Word Phrase to Stop Debt Collectors

An eleven-word phrase can stop the collector's calls right at the point they began. Once the collector has decided on their desired course of action, and their desired outcome, most will simply move on. Others will try to call, but they will lose by a small or large margin.

The phrase "I will not pursue collections on this account" is a common answer for most people when asked if they would stop collection calls. If they are not sure what that means, an explanation may be made. Most debt settlement companies have terms and agreements regarding their clients. In order to be an approved debt settlement company, they must demonstrate a history of settling accounts in a responsible manner. Most debt settlement organizations offer this explanation as part of their standard terms of business. Click here for more details about precision castpartsfederal credit union

Yet another explanation, perhaps the most popular, is "Loan forgiveness is not available at this time". This explanation is one that most debt collectors use, hoping that a person will ask about their loan forgiveness policies. When the individual in question inquires about loan forgiveness, the collector uses this opportunity to scare them into paying off the debt. When asking about loans or debt collectors, be careful about saying nothing. It is best to say something along the lines of "I will look into that but no promises are made".

Other than stating "no", another way to stop debt collection calls is to simply say "transition words" and leave the collection agency's callers wondering about what you will do next. The transition words allow the caller to wonder if you are going to do something about the debt and then leave the callers in suspense. Most people panic when told that their debts are going to be collected; therefore, it is best to make sure that they know "transition words" to signal that you will call their creditor. The transition words allow the person calling to have some kind of idea of your plan to collect the debt. Many people do not even realize that there is a plan until they get a "cute letter" in the mail from their debt collector.

Yet another explanation for why the written validation letter is important is because creditors and collection agencies have a legal right to send you a cease-fire letter after fourteen days. However, the creditor or collection agency must also send you a written validation notice. The written validation is meant to inform the consumer that they have forty-five days to take action. If the collector does not receive proper notification of the settlement, they have no legal obligation to pursue the claim. It is therefore imperative to send the collection agency written validation notices on a timely basis.

A good, organized strategy is always one that includes written validation to stop debt collectors from harassing you and your family. It is also important to educate yourself on the rights that are available to you as a consumer. It may take a bit of work to put together the right strategy for stopping debt collectors, but the results will be well worth it. You can stop the calls and ensure that creditors respect your rights.

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