ADE’s experts utilize the banking and consumer protection laws in order to dispute the validity of your debt. After the information about your debt has been sold to a third party you are no longer dealing with the original creditor. Your original creditor has already been paid in full by insurance they carry against all debt. We prove that the third party is trying to collect a debt that no longer exists. We have been doing this with great success for over 15 years.
There seems to be a great deal of misinformation on this topic. The question being, do banks have insurance to cover themselves against loss in case of a payment default by a consumer?
The next questions is, is the Debt Dispute Program a valid way of handling a debt crises?
Perhaps the best way to approach this question in a credible manner, is to look at actual court cases and study the legal track records.
That is exactly the approach that was taken when researching the answer to this question.
Here is the actual question that we are attempting to answer. We know that a bank cannot carry defaulted debts on its books forever. The reason being is that defaulted debt that is negligible and have a low chance a bank would ever recover the money, would badly skew the picture on the health of the bank or lending institution.
So, banks are bound by a simple rule. When a debt reaches a default age of 180 days, the bank must remove it from its books as an asset and charge it off.
This can be used to help people get relief from their crippling debt that keeps them locked in a never ending circle of not moving forward.
According to the Federal Trade Commission, debt collectors make around 1 billion contacts with consumers every year through aggravating phone calls that can harass and intimidate them. You can send a certified letter to collection agencies to ask them to stop calling. According to FDCPA guidelines, they can only call you between 8 a.m. and 9 p.m. local time. If asking them to stop calling hasn’t worked, it’s time to talk to a debt dispute consultant.
Many consumers who get harassed for debt often don’t even owe them. In many cases, debt collection companies target the wrong person for the wrong amount of debt, with very little information to back the cases up. Third parties often try to collect debts that don’t even exist anymore—debt relief specialists at American Debt Enders can help you dispute their claims. We can get you out of the circle of crippling debt by using more than 15 years of experience.
Get professional debt dispute program services today!