Freedom Financial Could Help You Stop the Calls from Collectors

Tired of receiving call after call from debt collection agencies? You are not alone, in fact, almost one-third of all Americans have reported that collectors called them this past year. Sometimes the debt is legitimate, and sometimes it is not. Either way, there are steps you can take to deal with the calls. If the debt is yours, there are also measures that you can take to settle the debt for less than you owe, and clear it from your credit report. Freedom Financial offers this information to help you learn your rights and get your finances back under control.

Some of the Tricks Debt Collectors Like to Use

Debt collection is not a pleasant business, and collectors will use all sorts of tricks to get your attention. However, you can beat them at their own game if you know what to expect. Here are some of the more common tactics collectors like to use:

• Contacting your friends or family members – They are allowed to reach out to friends or family if you do not answer their calls. However, they cannot share any details about your situation and they cannot continue calling them once they have located you.

• Asking you for personal information – Once they have located you, collectors may try to get additional personal information from you such as your social security number or date of birth. By law, you do not have to share this information with them.

• Having you acknowledge the debt is yours – This is a trick that is especially used by collection firms that purchase your old debt from another collector. After a certain number of years (as determined by the state you live in) collectors can no longer attempt to collect. However, they can sell the debt to another agency. If a collector from the new agency contacts you and you acknowledge the debt, it could reset the clock on it.

FreedomPlus, one of the companies in the Freedom Financial Network, offers personal loans that could help you eliminate the debt so that collectors have no reason to call you.

When collectors do call, it is vital that you know your rights and how to best handle these calls.

How to Handle Debt Collectors

The first step to dealing with debt collectors is to have a clear understanding of your rights. Collectors are well versed in these, but they also recognize that you may not know them.They will use all sorts of tricks like the ones mentioned earlier to gather more information, intimidate you, and possibly even get you to acknowledge the debt is yours.

However, you do not have to allow collectors to continue calling and harassing you. You have the right to ask for more details on any debt that you are contacted about. The Fair Debt Collection Practices Act is regulated by the Federal Trade Commission and its purpose is to protect you from unethical and illegal debt collection tactics. If you ask for more information about the debt, the collector must provide you with details within five days of calling you. Once you receive the details, if the information is inaccurate, you have 30 days to dispute it. You can also request that the collection agency stop calling you, and legally they must comply. However, if the debt is legitimate, they can still sue you to collect it. To avoid this, and eliminate the debt, consider the services of a debt resolution company such as Freedom Debt Relief, another company in the Freedom Financial Network.

Freedom Financial Could Help You Settle Your Debt

Freedom Financial offers a variety of solutions to help its customers resolve their debt. The company’s mission is to provide service, education, and financial tools that enable you to reduce your debt, create wealth, and achieve the financial freedom that you deserve. Whether you have a substantial amount of debt that you want to resolve, are interested in a consolidation loan, have a few collections you would like to settle, or just need some assistance making better financial decisions, they could help.

They are the largest, most successful debt solutions provider in the country. They’ve helped hundreds of thousands of people regain control of their finances by putting their debt behind them.Because they recognize that every person’s situation is unique, they provide a variety of solutions and exceptional customer service to ensure that the solution they offer to each customer is custom-tailored to that customer’s specific needs and goals.

So, if you are ready to take the first step towards financial freedom, contact one of their certified debt consultants today to get started.

Bankruptcy Advice for Your Debt Issues

Bankruptcy is a phenomenon that can only generate more problems for you if you know that the filing of the petition will guide you towards more financial issues. Bankruptcy advice in this regard can be successfully required form the many lawyers, attorneys and the accountant sin bankruptcy so that you are able enough to know if it is suitable for you, or, it can harm your financial health.

Bankruptcy advice is not only beneficial in getting advice from professionals in the field of bankruptcy but also on how to avoid it. The last alternative on your mind should be the bankruptcy filing and before that, you need to know about the information on other alternatives to bankruptcy.

Bankruptcy filing can cost you around 700 pounds, but the other alternatives that you may find feasible can cost you in the range of 90-15 pounds. The alternatives to bankruptcy told to you by the professionals can be:

1) Debt management companies
a. Debt management plans
2) Debt consolidation
3) IVA
4) Trust deeds
5) Snowball methods
6) Debt negotiation techniques
7) Collateral based secured loans to pay the previous loans etc

All you have to do is to get information on each alternative. You are the right person to know which option can be the best for you because; the problems are faced by you. You are the judge of your problems and the better you know about each alternative, the better you are in a state to hire a company for such an alternative.

Let me discuss one or two alternatives that can be generally the best for you in any sort of financial issues that you are facing:

Debt Management Plans

Debt management plans are made by the different debt managers in the market. The plan is a type of a renegotiation process among you and the creditors on the severe conditions of the loans that they are asking from you and you are not able to pay them back the loans in this regard. The plan will help the debt management company that you hire, to study your condition and on your behalf, talk to the creditors on lowering the terms and conditions on the payment of loans, along with the installments from your discretionary income every month.

Debt Consolidation

Debt consolidation is another type of technique used by the debt managers dealing in this area. They will merge all your loans in one, with one prevailing nominal rate of interest. The creditors will be legally bonded to get the payments equally with one rate of interest. You are now; the debtor of only one creditor and that is the debt consolidator.

Still, if you need more information, the best source of information for the topics discussed is the websites of all those companies that offer you the services of such financial help. You can also log on to the many websites of the informatory blogs and forums that have been made by the past customers so that you may know what their actual experiences they have with the company.

Muhammad Azam is an expert financial writer and avid financial blogger having experience in the field of debt relief. He has written posts on Bankruptcy advice, bankruptcy register, IVA, Debt relief orders and on other financial topics as well.

Know how Debt Collectors should Proceed to Get Back their lent Amount

Are you a debt collector and your little misconduct has brought big problem in your life? Well, it is quite obvious that when you lent money to the lenders, you expect them to return the amount right on time maintaining all your deals and when they fail, it brings disappointment for you. Yes, it is difficult to adjust with others, when you are right on your part, but you must stay in your limits. The Federal Debt Collection Practices Act or FDCPA has certain obligations for you and to welfare of your own, you must not cross those rules and retain your humanity as much as you can.

How to go for debt collection?

Be polite

As debt collectors, it is very important for you to control your anger and talk to your lenders in a polite manner, when you are going for debt collection. Your behavior with your lender creates your impression and a good impression is always beneficial to get your amounts back in a better and faster way.

Mark your words

As debt collectors, you should not use any harsh words against your lenders for collecting the amount. Talk to them in a straight-forward way and do not involve yourself into deeper conversation to avoid complication.

Proceed in a legal way

Always make a legal contract before lending any amount to the lenders. It helps you in future, when you go for debt collection.

If your lenders are avoiding you or delaying the repayment dates mentioned in the agreement, go for registering your complaints legally. Never take any illegal steps, such as sending fake notices or giving threats against the lenders, because it turns the whole matter against you.

Now, whenever you go for debt collection, you must proceed following the above mentioned ways. Yes, this will help you to get your amount back in a faster and easier way.

The author, Aalina Jones here provides smart suggestions on debt collectors. This article will certainly help people gather plenty of information regarding debt collection.

Way to deal with the debt collectors......

Everyone wants to recover their debt problems. But every time it is not possible to pay your full debt at the same time.

Here your problem will arise that if you are not able to pay your debt with in the informed timing then debt collectors will start harassing you. Then they will give you some phone calls. apart from this they will come to your home etc.

To control this situation you can appoint any debt advisor who will talk to that debt collectors on behalf of you.

Here is a small gifts for you all. Today while i was searching the "you tube" i found one very interesting video related to this topic. Where you can get some tips that "How you can deal with the debt collectors?"

Thanks to "you tube" for sharing such a effective video. For any further details you can ask me through comment below & suggestions are also welcome for my betterment.