At least sometime in our lives we all run into a Debt problem.
The question is what to do about it. This article offers practical
and real solutions you may be totally unaware of.
So I will get right to the point.
Number 1: You can stick your head in the sand and pretend that everything is fine and you do not owe anybody any money.
This solution usually winds up with a horrible credit score,
non stop phone calls that seem to follow you wherever you go.
That would be work, school, perhaps even church.
The bottom line is not good.
Number 2: Simply wait until one day you find that maybe a few thousand dollars is missing from your bank account or accounts.
Trust me, I know what I am talking about. As long as
your income is not made up of what is called exempt funds, then yes they can do it.
Number 3: Now, here comes the good news! Every harassing
phone call is actually worth money to you. And potentially, a lot of it. Before you finish reading this article you will learn about something
called cash for calls. Yes, exactly what it sounds like. Those harassing calls where Debt Collectors use the telephone to try to wear you down by calling you all times of the day or night, or calling you at
your place of business, or many other things that they hope will squeeze a payment out of you.
If they are able to get a payment from you for any little amount of money, then they may restart the clock on the statute of limitations. E.g. That means if the SOL was about to run out in your state, lets say 4 years on unsecured debt, then they get another 4 years to legally try and collect the debt. If you do not give them any money, then the ballgame is over, in terms of the collector legally trying to collect the debt. Yikes!! No only that, but you can turn around and
sue them and get rather large awards of money from them. We have firsthand knowledge of consumers who have been awarded as much as 90,000 dollars for FDCPA violations.
To do this you first , have to find someone who is familiar with how to teach you what you need to document collector calls, and then follow their instructions.
Here is what you may be losing if you do not follow through on this article:
"Receive $500 every time a creditor or collector makes your phone ring."
"Receive $1,000 every time a creditor or collector reports negatively on your credit reports."
"Receive up to $1,000 every time a creditor or collector sends you a billing statement that includes an error
(email and mail)."
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465
Comments