look for time to make bank-Easy Ways to Reduce and Eliminate Debt

Debt settlements are not intended to be an easy fix for extreme credit problems. In fact, look for time to make bank the effects of a settlement are damaging. The maneuver will likely result in a lower credit score and future lenders may be unwilling to extend a line of credit.

Now let us discuss about debt collectors, debt collectors cannot contact you at work unless you give them permission. Debt collectors can be prevented from contacting people if the person in reference, writes a letter requesting that the collector stop contacting them.

Once the collector receives the letter, they may not contact the person again except to say there will be no  further contact to or to notify the person that the debt collector or the creditor intends to take some specific action.

Writing a letter of course, does not eliminate the debt. It only eliminates any harassment incurred from creditors or debt collectors. A debt collector can also contact the attorney of the problem involved and also investigate the person’s background further, to obtain information such as the telephone number, the residence, and place of employment of the person concerned.

Debt collectors are allowed to contact such third parties one time and are prohibited from further intrusions upon the said person’s privacy. Within five days after the person is first contacted regarding their debt, the collector must send the person a written notice telling them specifically how much money they owe, the name of the creditor to whom they owe this money; as well as what action to take if the person does not believe that they owe money.

A debt collector is also by law, not able to contact the person again, if within thirty days or receiving the written notice, the person writes a letter stating that they do not owe the money.

 A debt collector can renew collection activities if they are sent proof of the debt, such as a copy of a bill for the amount owed. Now look for time to make bank if you want to know about Easy Way to Reduce and Eliminate Debt right here and right now then please click here.