10 Mistakes That Will Keep You In Debt

Mistake #1 - Don't fall for these commercials promising to eliminate your debt.

Mistake #2 - Don't call a creditor about a settlement if you don't have money to settle.

Mistake #3 - Don't settle making monthly payments unless it for your transportation or house.

Mistake #4 - Don't trust them with their words, always get it in writing.

Mistake #5 - Don't send a check from your account and never give your account numbers to checking or credit cards over the phone or in the mail when settling an account. Use money orders or cashier's checks.

Mistake #6 - Don't forget to put in the memo section of the cashier's check or money order the account number, paid in full for the specific account you're settling.

Mistake #7 - Don't forget to include the settlement letter from the creditor/ debt collector (which should be on office company letterhead) with the cashier's check or money order.

Mistake #8 - Don't forget to send the payment back in the allocated time specified for the settlement. This is a trick that debt collector's use when they find out you might have more money for them to take. They'll allow you 10 to 20 days to send payment during that time they are trying to find out if you have more money and if you do they will hope that you'll miss the deadline.

Mistake #9 - Don't forget to send it certified mail. This will ensure that you have evidence that they received it and by whom if they try to change the game.

Mistake #10 - Don't forget to photo copy the letter, cashier's check or money order and any other documents pertaining to the settlement and SAVE THE FOREVER!

BONUS INFORMATION:

You might be able to deem a debt voided by state law. Each state has a 'Statute of Limitation' if a debt collector hasn't called you during that period of time you can use this technique to declare the debt voided. They don't expect you to know about this. You'll need to check your state laws to find out what the 'Statute of Limitations' in your state. (I've also included it in my book for each state)

3 Secret Words that can make the debt collector settle your debt...

"I Don't Know". It might sound unbelievable but that's exactly what I said that started me out with my fight against a debt collector.

The debt collector cannot just show up in court and say you owe a debt, they must prove it. Actually they are required by law to prove every aspect of the debt. Such as: correct amount, if they own the debt they must provide the appropriate paperwork.

In my book I show you more items they need to prove and even if they prove them this will put you on a leveled playing field. They will be more willing to wheel and deal with you especially if they can't find the items in your response.

Learn How I Beat The Debt Collectors At Their Own Game and Made Them Settle A $4,283.05 Credit Card Account for $500 Cash and I Have The Court Documents To Prove It.