Wondering how to become debt free?
It’s easier than you probably expect…
First, you need to find out if the original creditor still has the debt.
While the debt collector may not have reached out to collect the debt yet, one may still send a Certified Letter to the original creditor requesting information on who purchased the debt.
If a reply is not given within (30) days (has never happened), an FDCPA violation has occurred and the original creditor may be sued. In the end, every original creditor will supply the name of the third-party debt collector and that is the end of their legal requirements.
How to Become Debt Free If the Creditor Still Holds the Debt…
If the debt is still held by the original creditor…
One may send in verification letters to the 3 credit bureaus (may take multiple attempts) and have the mark removed.
However, this does not allow one to open another credit card with the original creditor.
For that to occur, a lawsuit must be brought against the third-party debt collector and they must send a notice to the banking bureaus, credit bureaus and original creditor that the debt no longer shall exist in their systems.
After this, it is as if the credit line never existed – and one may re-apply for the same credit card the next day.
Learn More About Debt Removal Secrets
Aren’t you ready to start erasing your debt?
Start the Process with Debt Removal Secrets TODAY.
How well do you understand the difference between verify & validate? We’ll be retouching on this topic tomorrow so you can be sure to make this important distinction.
Your friends in finance,
Private Wealth Academy
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