Stop The Calls Fast

If a debt collect calls you, what should you do? Give me the knee jerk reaction answer. The correct answer is you do nothing, say nothing and demand that whatever it is be sent in writing. Then hang up. Most people make what can turn out to be deadly mistakes by giving out information or committing to something on the phone. Remember that the majority of the billions of dollars earned by debt collectors each year is earned by debt collectors who violate the law or who operate on fringes of the law. The person on the other end of the phone will falsify whatever you say and fashion it so that they can manufacture the desired result. Lying is routine for these people. If you acknowledge anything or agree to anything in a phone conversation you could end up restarting the clock on the statute of limitations or even worse get sued for the debt.

Whether the debt in question is yours and you legally have the obligation or whether it is a mistake; it does not matter. Say nothing, agree to nothing and wait for their correspondence. Once you receive formal notification and a demand for payment for the subject date you should immediately send them my debt validation letter which you can have by simply emailing me (stopthecallsfast at gmail.com). Put debt validation letter in your subject line. Under the FDCPA the collector is obligated to validate the debt. If you read through prior posts you will learn all you need to know about debt validation.

I cannot emphasize enough that the the biggest mistake people make is saying anything to these collection dorks. What you say can and will end up in entries on your credit report, you being sued etc. The grave injustice is the outrageous taking advantage of those who do not speak English. You should see all the default judgments that are obtained because Hispanic speaking people cannot read or understand the wrongful acts being perpetrated upon them. I am seriously considering offering my StopTheCallsFast  system in Spanish.

Coming next: how to figure out if a debt collector is really going to sue you. Stay tuned.

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