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How to deal with debtors on the phone

With Daniel C. (NOT legal advice, just for entertainment purposes. )

James and I will be discussing with Daniel what we all want to do.

We’ll be discussing:

• What is credit -
• Types of debt:
• Student Loans,
• Credit cards,
• Unsecured loans, revolving/installment credit.
• We will also cover
  • Understanding your rights,
  • Credit reports and credit scores,
  • Fair Credit Billing Act,
  • Contract - when debt ‘passed on’.

If you are in debt or know someone who is, this will be of interest to you.

Show starts at 10pm UK time (in just over 2 hours time)

Interview starts at 11pm (just over 3 hours time)

Go to link at top and click on one of the options underneath the chat room to join in.

http://www.creditinfocenter.com/wordpress/2008/06/17/cease-communication-letter/

http://www.creditinfocenter.com/wordpress/2009/11/17/im-not-sure-what-to-say-in-my-letter-to-a-collection-agency/

http://www.creditinfocenter.com/rebuild/debt_validation.shtml

How to deal with debt collectors on teh phone

Example of cease and desist letter US

CEASE and DESIST COLLECTION EFFORTS

Cheatem Collections

123 Fagetaboutit Ave

Chicago, IL

17 April 2000

RE: Account 5145454156

Dear Sir or Madam:

I request that you CEASE and DESIST in your efforts to collect on the above referenced account (SEE letter attached). It is my personal policy not to deal with collection agencies and I will only deal with the original creditor of this account.

You are hereby instructed to cease collection efforts immediately or face legal sanctions under applicable Federal and State law.

GIVE THIS LETTER THE IMMEDIATE ATTENTION IT DESERVES.

Cordially

Scott Fre

Debt Consolidation

Personal

Version:1.0 StartHTML:0000000167 EndHTML:0000005924 StartFragment:0000000484 EndFragment:0000005908UK -

IVA - Individual Voluntary Arrangement (not recommended)

• You must have UK debt in £ (pounds sterling).
• You must be a resident of England, Wales or Northern Ireland. Please note that if you live in Scotland we can still help you but you should consider a Protected Trust Deed.
• You must be insolvent. This means you are having difficulties paying your debts or your debts are more than the equity in your home.
• You must have debts over £15000. Please note for smaller debts you should consider a Debt Management Plan
• You must be able to afford at least £200 per month towards to your debts. This is because the creditors need to get at least 25% of their money back before they will consider starting an IVA for you.
• You should have a regular income and show that you can afford all your basic living expenses such food, clothing and utility bills.
• You must show good attitude towards paying your debts because the IVA practitioner must feel comfortable acting for you.Example of letter to send to Credit Agency
  Dear Sirs at the Credit Reporting Agency,

  This letter is a formal complaint that you are reporting inaccurate information on my Credit Report. I am distressed that you have included the below information in my credit profile and hae failed to maintain reasonable procedures in your operations to assure maximum possible accuracy in the credit reports you publish.

  Credit reporting laws ensure that bureaus report only 100% accurate credit information. Every step must be taken to assure the information reported is completely accurate and correct.

  The following information therefore needs to be investigated.

  The ….

  Sincerely,

  John Blow

Original Article