![]() Their phrases are variations on the one we gave at the top of this section-”Please cease and desist all calls and contact with me, immediately.” Spiraling off the incident, several blog posts popped up on finance sites claiming to provide the infamous 11-word phrase. Why the 11-word phrases you’ve read online won’t work In actuality, it was just a marketing ploy to boost the book’s sales. His comment on the interview triggered swarms of debtors to search in vain for the exact 11-word phrase. In fact, the purported 11-word phrase doesn’t even show up anywhere in the book. Ulzheimer claimed that on page 43 of the book, there’s a “simple 11-word phrase you can use that makes it so no bill collector can ever contact you again.” He went on to say that “this one single phrase makes it illegal for a debt collector to even dial your phone number.” The 11-word phrase to stop debt collectors was first mentioned in an interview on Larry King’s show in which credit guru John Ulzheimer was promoting the book “Credit Secrets,” which was written by Scott and Alison Hilton. You might have read other articles that claim the phrase is something like, “Please cease and desist all calls and contact with me, immediately,” but there’s nothing special about this phrase and it won’t necessarily work. What is the 11-word phrase to stop debt collectors from contacting you?Īgain, there’s no 11-word phrase that will always stop debt collectors from contacting you. Is there anything you can say to prevent debt collectors from suing you?.How to actually stop debt collectors from contacting you. ![]() What is the 11-word phrase to stop debt collectors from contacting you?.Before making your decision, consider how you would use the extra money each month. But you’ll lose your mortgage interest tax deduction, and you’d probably earn more by investing instead. Paying off your mortgage early is a good way to free up monthly cashflow and pay less in interest. Once you pay off the credit card with the highest interest rate, move on to the card with the next highest interest rate. Then, pay off the credit card with the highest interest rate first by making high lump sum payments to that card each month. Which credit card should I pay off first? This applies to most common debt types such as credit or store cards, personal loans, gas or electric arrears, council tax arrears, benefit overpayments, payday loans, rent arrears, catalogues or overdrafts. They have to comply.įor most types of debt in England, Wales and Northern Ireland, the limitation period is six years. You can write to the debt collector and instruct them not to contact you. You can safely ignore this type of zombie debt. If the debt no longer appears on your credit report and has also passed the statute of limitations, then there is no reason to act on it. The way the FICO scoring system has been designed prevents people from artificially manipulating their credit score – at least for very long. You Cannot Cheat Your Credit Score Without Committing Fraud, But You Can Legitimately Boost it Quickly. ![]() See also What if everyone sold their stocks? Can you cheat your credit score? Paying off credit card debt as quickly as possible will save you money in interest but also help keep your credit in good shape. You may have heard carrying a balance is beneficial to your credit score, so wouldn’t it be better to pay off your debt slowly? The answer in almost all cases is no. Your credit record will also continue to take a hit as the defaults mount up. If you do then return to the UK after a year or so, you may find your debt problems worse than when you left. Zombie debt is typically purchased from the original creditor (or even from another debt collection agency) for pennies on the dollar.ĭebts will continue to amass while you are out of the country with fines and interest being added on to the existing balances. In short, it’s debt that has come back from the dead to haunt you. The term “zombie debt” is used to describe debt that is very old or no longer owed. You can also stop using credit and wait for your credit history to be wiped clean automatically, which will usually happen after 7–10 years. The main ways to erase items in your credit history are filing a credit dispute, requesting a goodwill adjustment, negotiating pay for delete, or hiring a credit repair company. The first step to stopping debt collectors from calling you is telling them the 11-word phrase – “ Please cease and desist all calls and contact with me, immediately.” ![]() How to Stop Communication with Debt Collectors On Your Own. See also Does Sassa money expire? What is the magic 11 word phrase? ![]()
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