Annotate Legal California Debt Settlement Agreement Forms For Free

Don't provide personal or sensitive financial information Never give out or confirm personal or sensitive financial information ? such as your bank account, credit card, or full Social Security number ? unless you know the company or person you are talking with is a real debt collector.

Debt Relief In California It can get you out of your financial hole relatively quickly (2-4 years), but you must stick to the program. Opting out or adding more debt to your credit card will invalidate the program, and considering one of the steps is to stop payments, you'll have to pay late fees with interest.

Make sure to include all the necessary information, such as the debt owed, the settlement amount, the terms of the agreement, and the date. Include the contact information of both parties in the letter. Before you write, you should know what you want to accomplish with the settlement.

If you are struggling with debt and debt collectors, Farmer & Morris Law, PLLC can help. As soon as you use the 11-word phrase ?please cease and desist all calls and contact with me immediately? to stop the harassment, call us for a free consultation about what you can do to resolve your debt problems for good.

Don't pay, don't promise to pay and don't give any payment information the collector may use later. Ask for information on the debt and say you'll call back to discuss it later. Making a single payment ? even just $5 or $10 ? is an acknowledgment of the debt and can have serious repercussions.

If you notify the debt collector in writing that you dispute the debt within 30 days of receiving a validation notice, the debt collector must stop trying to collect the debt until they've provided you with verification in response to your dispute.