The phone rings. It’s a debt collector telling you that you owe X dollars and demands that you to pay right now. In fact, you do have some debt, but you’re not sure who the caller is and if you really owe that creditor any money at all. So, what do you do?
The Fair Debt Collection Practices Act (FDCPA) specifies that you are entitled to demand that the creditor validate the debt. In other words, the collector must prove that you actually owe the money and the collection company is authorized to collect the debt.
But you’re not sure how to go about requesting the proof, you don’t like speaking with an unknown entity on the phone, and their threats make you uncomfortable.
Fear not. There’s a 21st century digital solution that’s free and easy.
SettleiTsoft has the capability of validating whether the creditor is indeed authorized to collect the debt. Thereby, eliminating scammers who falsely claim the right to collect the consumer’s debt. Under the FDCPA, the collector has 30 days to respond to the validation you requested through the SettleiTsoft system. Just make sure to send the invitation letter to negotiate via certified mail. As well as, all the documents you sent and when they were received by the creditor.
Free Debt Negotiation Software Platform
While this is certainly a great service, the powerful, intuitive SettleiTsoft software platform is designed to help consumers in many other ways. Accessible 24/7 via the Internet or Mobile App, SettleiTsoft provides a variety of services – from its powerful financial management tools that will help you develop a livable budget; to its debt settlement capabilities, which include allowing you to communicate with your creditors in a secure virtual environment.
By utilizing SettleiTsoft, debtors are establishing this convenient and seamless electronic means of communication as their preferred negotiation method. This preference should then stop collection calls from creditors and allow the debt obligation to be amicably resolved. The software is easy to use with step-by-step instructions and topic-specific videos in every section. Therefore, the consumers can quickly become their own super-efficient debt settlement agents and begin restoring their financial peace of mind.
Make Sure to Pay Only Debt you Owe
If the debt is legitimate, you may be obligated to pay it. However, SettleiTsoft – debt settlement App – tools can help you calculate and then negotiate an affordable settlement offer. This process typically includes a substantial reduction of the amount you owe, as well as a payment plan. If its’ a scam or the debt belongs to someone else – a common occurrence – SettleiTsoft has helped you save a lot of time, aggravation, and of course, money!