Use these 11 words to put an end to debt collectors who are constantly attempting to get you to pay what you owe them: “Please cease and desist all calls and contact with me immediately.” ” You can use this phrase over the phone, in an email or letter, or both.
It’s time to take action to get your debt under control after you have informed the debt collectors that you do not want to hear from them in the future. A bankruptcy lawyer can help you weigh your options.
“Please cease and desist all calls and contact with me, immediately.”
This 11-word phrase can be used to stop debt collectors from contacting you. However, it is important to note that this phrase may not be effective in all situations.
How does the 11-word credit loophole actually work?
The 11-word phrase is based on the Fair Debt Collection Practices Act (FDCPA), which protects consumers from abusive debt collection practices. The FDCPA states that debt collectors cannot contact you at unreasonable times or places, or use abusive or harassing language.
If you use the 11-word phrase to stop debt collectors from contacting you they are required to comply with your request. However they may still be able to take other actions to collect the debt, such as filing a lawsuit against you.
What should you do if a debt collector is contacting you?
If a debt collector is contacting you, it is important to take action to protect yourself. Here are some tips:
- Keep a record of all communication with debt collectors. This includes the date, time, and content of each conversation.
- Send a Debt Validation Letter. This letter forces debt collectors to verify the debt they are trying to collect.
- Write a cease and desist letter. This letter formally requests that the debt collector stop contacting you.
- Explain the debt is not legitimate. If you believe that the debt is not yours, or that it is past the statute of limitations, you should explain this to the debt collector.
- Review your credit reports. Make sure that the debt is not listed on your credit reports.
- Explain that you cannot afford to pay. If you cannot afford to pay the debt, you can explain this to the debt collector.
- See if the debt collector has your updated address. Make sure that the debt collector has your current address so that they can serve you with a lawsuit if necessary.
What is the law about debt collector calls?
The Fair Debt Collection Practices Act (FDCPA) protects consumers from abusive debt collection practices, The FDCPA states that debt collectors cannot:
- Call you before 8 a.m. or after 9 p.m.
- Use vulgar or obscene language to intimidate you.
- Threaten to take legal action that they cannot or do not plan to take.
- Pretend to be a police officer or judge.
- Discuss your debt with anyone other than you, your spouse, or your attorney.
- Call you at your workplace when they know your employer prohibits such communications.
- Tell you that you will be arrested if you do not pay off your debt.
- Sue you for a debt that is past the statute of limitations.
If a debt collector uses any of these tactics against you, you may be eligible for compensation. You can consider filing a counterclaim where you explain that the debt collector violated your rights under the FDCPA. You may also consider reporting the behaviors to the FTC or the CFPB.
How can you outsmart debt collectors?
There are a few things you can do to outsmart debt collectors:
- Keep a record of all communication with debt collectors.
- Send a Debt Validation Letter.
- Write a cease and desist letter.
- Explain the debt is not legitimate.
- Review your credit reports.
- Explain that you cannot afford to pay.
- See if the debt collector has your updated address.
By following these tips, you can protect yourself from debt collectors and outsmart them.
What to remember when talking to a debt collector?
Here are a few things to remember when talking to a debt collector:
- Do not give out your personal information.
- Do not offer a small payment to “get them off their back.”
- Do not admit that the debt is yours.
- Do not make promises you cannot keep.
- Always ask for the debt collector’s name and contact information.
- Keep a record of all conversations with debt collectors.
By following these tips, you can protect yourself from debt collectors and have a more productive conversation.
What to do next?
If you are being contacted by a debt collector, it is important to take action to protect yourself. Here are a few things you can do:
- Keep a record of all communication with debt collectors.
- Send a Debt Validation Letter.
- Write a cease and desist letter.
- Explain the debt is not legitimate.
- Review your credit reports.
- Explain that you cannot afford to pay.
- See if the debt collector has your updated address.
By following these tips, you can protect yourself from debt collectors and outsmart them.
Additional resources
Here are some additional resources that you may find helpful:
Debt Collectors Can File Suit
If you owe someone money, they have legal recourse through a number of avenues to pursue payment. One is by getting in touch with you directly, but you can prevent them from doing so by utilizing the 11-word phrase mentioned below.
Another way that debt collectors can pursue money owed to them is through a lawsuit. Each state gives debt collectors a certain period of time in which they are allowed to sue those who owe them money. In both North Carolina and South Carolina, this time period is usually three years, according to N.C.G.S. § 1-52 (1) and S.C. Ann § 15-3-530, respectively.
Once your creditors decide to file a lawsuit, asking them to cease and desist will do no good. However, you can:
- Say that you disagree with the lawsuit
- Gather information and create a case that demonstrates your creditors are mistaken about the amount of money you owe them or the time frame in which you have to pay them back.
- Ask a lawyer to represent you and protect your rights
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Actions You Can Take to Stop a Debt Collector
As your bankruptcy attorney can explain, you have a few options for getting debt collectors to stop for good. These options include:
- Asking for better terms: If changing the terms of your loan will increase the likelihood that they will receive their money back, some debt collectors might be amenable to doing so.
- Consolidating your debt: If you have multiple creditors, it might be wise to take out a large loan to settle all of the outstanding balances. In this manner, paying off one creditor rather than numerous ones becomes your only concern.
- Seeking debt counseling: A credit or debt counselor can assess your circumstances and assist you in rearranging your financial affairs. Many offer their services free of charge.
- Bankruptcy: By declaring bankruptcy, you can get rid of some or all of your debt and put an end to collection calls.
As useful as it is, the 11-word phrase described here will not stop debt collectors permanently. To truly resolve your financial problems, you must take action as soon as possible.
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What is the 11 word credit loophole?
FAQ
What is the 11 words in the credit secrets book?
What is the 11-word credit phrase?
What is the 11 at T collection?
What should you not say to debt collectors?
What is the 11 word phrase credit loophole?
Many collectors give up after receiving a debt validation request. What is the 11-word phrase credit loophole? You can say a number of things to stop debt collectors from phoning you. You have the right to instruct a debt collector to stop calling, even if the debt they are contacting you about is yours.
Where did the phrase ‘credit secrets’ come from?
The origin dates back to 2017 when credit-building expert John Ulzheimer first introduced the phrase on Larry King’s show. Ulzheimer had worked with FICO and Equifax and was sharing tips with the viewers on how they can get debt collectors to stop calling them. The phrase was a genius marketing gimmick for Ulzheimer’s book “Credit Secrets.”
Can the 11 word phrase stop debt collectors?
Check how the 11 word phrase can stop debt collectors, the rights you have, and answers to key FAQs. “Please cease and desist all calls and contact with me, immediately.” This seemingly ordinary sentence is called the 11 word phrase to eliminate debt—a magical solution that can ward off debt collectors.