You know the situation; you are trying to settle your debt with your creditor and he is insisting on contacting you every day, sometimes several times a day. You have tried to explain that you will call them when they ask, but he just won’t listen and continues to call. Eventually you are so tired of his behavior that you just decide to ignore him and hope he will eventually stop calling. This is not a smart move to make in any situation. If you want to learn the 11-word phrase to stop debt collectors from harassing you, then read on.
First, you should know what to say to the debt collectors that ask for you to stop talking to them. The first and most important thing to do is to explain to them that you will not pay this debt. Explain that your budget is not tight right now, but you will get back on track after you get this current bill paid off. Give them the exact amount of money that you owe them, including all the different monthly payments, and ask them for a withdrawal plan. In order for this plan to be effective, it must be clear and documented. Be sure to include all the correspondence with the bank as well.
The second part of the 11-word phrase to stop debt collectors is to simply tell them that you will not pay this debt. This is probably the easiest way to end the harassing calls and letters, but it may not work in your favor if your creditor still insists on contacting you. In this case, you will need to get in touch with a private debt settlement agency. These companies will not directly deal with your creditor, but they will instead use their influence to get your creditors to drop the pursuit of foreclosure or any other legal action against you. Essentially, the private companies will take care of everything. They will negotiate with your creditors on your behalf, and they will write a final payoff check for you to use toward the final payment. Click here for more details about 11 word phrase to stop debt collectors
The third and final part of this phrase is to send a formal cease and desist letter to your debt collector. This letter should be addressed to them by name and should make the following statement: “Cease all contact; do not send any more requests for payment or collection information”. Do not simply reschedule your payment or settle with your creditor at this point. If you stop paying them, this is not enough. You must show them that you are serious about not paying this debt.
Many people think that debt collectors can not follow them around the country. This is untrue. This is why you need a plan in place before you ever begin to talk to any of these creditors. If you simply reschedule your payment or settle with your creditor, it does not mean that they will not visit you anymore. This is why it is critical to develop a solid strategy before you ever begin to talk to debt collectors. If you are in a financial bind, this strategy will allow you to develop a plan to stop any further contact from your creditors.
If you are worried about how to go about getting the letters stopped, you can hire a debt collector settlement company. These companies have experts that know the proper procedures that need to be followed when writing the letters. They also have a team of professionals that will follow up with your creditors to ensure that they get the written validation that you need. These written validation letters are also very important as they will give your creditors legal proof that you owe the money. If they are not sure about how to proceed, your creditors might just decide to ignore you, which would benefit you nothing.