1. Stop the Collection Calls: Instruct the debt collector to stop calling you at home or at work. Write them a letter if you can with those instructions and save a copy. If the calls continue, they have violated the Fair Debt Collection Practices Act by harassment. Stopping the calls require the collector to resort to letters that state the nature of the debt and what is sought. You can take the time to research all the facts to determine if you in fact owe the money or not, and whether you need to consult with others before responding. You are not put on the spot by unexpected calls from rude debt collectors who may make you upset, aggravated or otherwise uncomfortable in your own home or at work.
2. Know the Statute of Limitations: Each state has a term of years, referred to as a statute of limitations, within which the debt collector must file suit or lose the right to do so. Once expired, you may be sued but you not forced to pay if you raise the statute of limitations as a defense. Debt collectors routinely sue on old debt in hopes that the consumer will not know how to respond, however a law suit that seeks payment for a stale debt violates the Fair Debt Collection Practices Act.
3. Keep Records of All Contacts With All Debt Collectors: Save “throw away” letters seeking payment or communications from a debt collector. Keep a log of calls, date, time, originating phone number and caller. If you have an agreement or sent a letter, retain copies. Keep these in a safe place. Often what is resolved or dealt with on one day, can reappear later without any acknowledgment by the collector of the prior events. And debts are routinely rotated between several debt collection agencies, usually without any communication between them regarding your account. Perhaps most importantly, debt collectors benefit by the absence of keeping records, calling and writing over and over again if it will lead to more money being paid. Track your accounts, know your history with debt collectors and don’t trust your memory alone.
Debt Collectors May Not:
*communicate before 8:00 a.m. and after 9:00 p.m. local time
*communicate with consumers at their place of employment after having been advised that the employer does not permit such calls
*misrepresent its identity as a debt collector
*publish the consumer’s name or address
*engage in communication with third parties except to obtain the current address or phone number of a debtor
*threaten to or actually report false credit report information
Posts Tagged ‘Ways’
Debt Collectors: 3 Ways to Stop HARASSMENT Today
Reduce Debt – Best Ways To Reduce Debt In 2010
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With the time passing in a rapid speed, we have stepped in to a new year. You may sure have many things to do in 2010. What is there in your list as number one? Is it settling your debts? Then you should know the best ways to reduce debts in 2010.
There is no use of planning other things without settling your debts as we need money to whatever we want to do. So, if you have not settled your debts yet, finding money to another task would be impossible.
As a matter of fact, we should possess a master plan in order to get rid of our debts. Then how should we draw our plan to get released form debts? Many US citizens still think that filing bankruptcy is the best way to get rid of their debts. But, they do not know that they have taken a very traditional and a risky decision to get rid of debts by filing bankruptcy.
To tell you the truth, filing bankruptcy will help you to avoid all your debts and become free. But, being human beings with a good thinking capacity, we should think further. In other words, if you file bankruptcy, you might be able to get rid of your debts very easily. But, did you think the future outcomes of it for a moment?
Now, let me show you the dark side of filing bankruptcy! Once you have filed bankruptcy, you will it difficult to take anymore loans in the future, as the banks will label you as a person who cannot afford the paying. At the same time, even if you are trying to get a job, a good place to live, this matter will come to the front and prevent you from you doing necessary things in your life.
So, I think that it is very unintelligent to ruin your future, because of your heap of debts in the present. But, I can give you a good alternative to get released from your debts, which is joining a debt settlement company.
If you join one of the best debt settlement companies, the company will negotiate with your creditors on behalf of you and come into a decision which is fair to you as well as your creditors. At the same time, as you can pay the company fees in an installment basis, you do not need to get into future debts.
But, be careful as all the debt settlement companies are not ready to help you. So, the next issue is to find a well reputed debt settlement company. You can find one of the best settlement companies in your state easily by joining a debt relief network. But, remember to join a debt relief network which offers the advices free of charge. As a matter of fact, you do not need to waste your few dollars for counseling as there are many professionals to help you free of charge. So, consider these facts well and select the correct path of [...]
Debt Advice Free Sites are Ideal for Anyone Looking for Information on Ways to Settle Debts
The rise on debt advice free sites is a signal to realize that actually people are in debt and are desperately looking for life debt solutions. However most of these debt advice companies are not just ready to part with this information without asking for a small compensation. Again most companies rising up are taking advantage of the desperate situation and coming up with considerably-looking debt solutions but have hidden fees not reflected when you are settling for them.
When you think about it, you can get out of debt on your own if you want and with the help of debt advice free sites. It’s all about coming up with a debt management plan and follow it up honoring every single payment. Remember going for a debt councilor, or professional debt management you are actually parting with some amount you had not planned for. You can only decide on this decision if you might feel uneasy to explain to all your creditors about your debt management plan that you have at hand. When you feel uneasy to tell a creditor why you may have to delay their payment simply because you decide to settle priority debts before non-priority debts. But if you gather yourself up, you will make it on your own. Creditors will understand if you open up and most of them will stop pressuring and harassing you every month. What you need to do is honor your agreement with them.
Most writers and website owners featuring debts will talk about this information broadly, covering almost every single debt problem they know of. Taking time and reading their information can actually contribute broadly into making a good decision. These debt advice free sites can help you save a lot of money and stress of having to explain about your financial status and why you are in debt and why you want professional help etc.
Generally most of the sites offering debt solutions will try and give you debt advice as a free package for having bounced into their site and as a show of appreciation. Of course they will try to use their best known tactics to convince you to buy their other many products like the debt calculators, debt software or settle for what you should avoid most the debt consolidation and loans. Remember what you are interested in is this information however little it is, it will help you figure out your way forward. You can buy their products if you feel they will help you move faster especially if you will do it at the comfort of your home. You could also consider fully debt advice free sites because they are available and meant just for you.
Debt advice free sites are there for you and meant to help those people who decide to take the debt freedom highway on their own. It is definitely possible and quite cheap and without knowing, believe me, you can escape debt pit for the rest of your life and enjoy your [...]
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