Trying to dispute, reduce, or remove debt from your credit report? Here are 7 Rules for Negotiating Debt…
Rule #1 – Document A Dispute
The smartest negotiating tactic thing to do before settling a “recent” debt is to document (certified mail or email) a “dispute” as to the total amount of monies owed. Be precisely this general but this wording of specifics, Independently, A summary judgment (automatic/no trial verdict) requires that the defendant not had a previous dispute as to the alleged amount of monies owed prior to the inception of the lawsuit.
Rule #2 – Use A Different Phone
Call from a phone that is not your phone, unless you want them to have the power to call you back.
Rule #3 – Have Witnesses
Inform them with witnesses on speaker phone that you do not give permission for this call to be recorded. Document witness and dates and times of calls.
Rule #4 – Admit Nothing
Never admit or deny the debt – you are just discussing an option to “remedy the alleged debt”.
Rule # 5 – Don’t Share Info
Never give them your social security number or address or place of employment – if they ask you to confirm these things for your identity– tell them you can give them a partial (2 numbers) and they can give you the other numbers after if they still need to confirm that it is you. Many times they are just trying to collect missing info.
Rule #6 – Money Sources Make A Difference
Always claim that your relative/friend is paying. Never disclose/confirm that you have money.
Rule #7 – Pay With Someone Else’s Money
Always pay with someone else’s money – here’s why. This relates to tip number 6. If you already admitted that you do not have the money to pay, why would you pay? By having someone else send a check in your behalf, you are confirming your statement that you don’t have the money.
Legal disclaimer: This content is not formally asserted as legal advice, cannot be construed as legal advice, and only an attorney within your state is authorized to give legal advice.