Timeline of the Debt Removal Process

_{Curious what the entire debt removal process is like?}

_{We’re also going to cover that today.}

_{But first, a common question people have is…}

_{What if the account is CLOSED but no debt collectors have contacted me yet – what next?}

_{If 90+ days has passed and also the original creditor has closed the credit account, it will immediately be sold to debt collectors.}

<sub>Be aware, it takes debt collectors time to initiate a collection process as they purchase “bulk debt bundles” and have a lot to sift through before starting anything on their end.

If a debt collector has not reached out yet you can still begin the process.</sub>

Debt Removal Process:

_{Step 1A) Get a copy of all your credit reports from each bureau}

_{Step 1B) Freeze credit bureau acts > wait 2 weeks}

*It’s best to wait until the debts been sold to mail the 1st letter

_{Step 2) Mail 1st letter > wait 10 days}

_{Step 3) Mail 2nd letter + bureau letter > wait 20 days}

_{Step 4) Mail 2nd credit report > wait 1 day}

_{Step 5) Mail 3rd letter > wait 30 days}

*You’ll typically hear back after the 3rd letter

Step 6) Lawsuit against the creditor/collector (if necessary)

_{Step 7) Pay any taxes owed on the cancelled amount OR remove the taxable event like we show in Section 3 of Bulletproof Trust Secrets.}

That’s it!

Confused about what letters to send, how they should be worded, and also what information to include…

We got you covered!

All our templates are properly worded and carefully crafted in order to ensure you get a manual (human) review. This will make sure that you’re requests are actually being heard and also that you’re not being by-passed by an automated system leading to your debt getting removed more efficiently.

All you have to do is customize, print and mail!

Want Our Help With The Debt Removal Process?

We’re here to teach you the process & walk you through it.

After you go through it once, you’ll see how simple it can be.

Bring patience and an open mind – we’ll give you everything else you’ll need to get your debt erased as quickly as possible (typically within 90-120 days.)

Ready to get your freedom back for good?

Learn how Debt Removal Secrets can set you free.

Wondering if this works on debt of all sizes?  We’ll be covering this in tomorrow’s blog post – so keep an eye out for it!

Your friends in finance,
Private Wealth Academy