Challenge banks about everything foreclosure. Just because they make a claim, doesn’t mean it’s legitimate. When it comes to debt collection, it seems banks and financial institutions avoid clear communication when consumers challenge their practices.

One day you may get a call from the bank or their debt collectors. Before you say anything, ask for the caller’s full name and date of birth. Simple questions. Those question always meets comments like, “Can’t do that!, It’s not company policy!”

To which you reply:

“Well, if you can’t give full disclosure about those simple questions, what else do you wish to hide in this conversation? If your call is so important and urgent, put it all in writing, sign the document and send it by registered mail to the mailing address you have on file! Lovely chatting! Thanks for the call, and have a great day!”

Follow the banks’ example. Admit Nothing. Deny Everything. After almost four years of obfuscation and duplicity, and three years of not making any [re]payments to clear an unsubstantiated alleged debt…

If you’re in a looming foreclosure situation, this post may open your eyes. It’s neither legal or financial advice, and “professionals” don’t want to know about this stuff. Nor, it seems, do the financial “regulators”… Challenge banks about everything.

Ninety days after the alleged debt becomes delinquent, there’s about twenty days of phone calls, “about this urgent matter… And if you don’t talk to us you could lose your home!” And how many follow-up letters in the mail about “this urgent matter..”

Silence. There’s silence even after writing to the bank, with concerns about all these calls regarding the “urgent matter”, and where are the follow-up letters in the mail?

SILENT NOTHINGS

Here’s some possible reasons why Banks remain silent or not engage fully with customers who are actively questioning their actions (or lack thereof):

Banks Don’t Want to Be Held Accountable

Consumers asking for proof, demanding clarity, or challenging fees and charges, force the bank or debt collector to be transparent. This can expose gaps in their procedures or reveal that the debt being claimed is unsubstantiated.

If the bank responds and provides documentation that can be scrutinized, it risks revealing mistakes, overcharges, or illegal actions. In essence, they’re avoiding accountability of the alleged unsubstantiated, invalid or excessive debt claim. While threatening to steal your home… Challenge banks about everything.

Banks Avoiding Legal Exposure

Asking for audited accounts, proof of debt, or explanation of charges, could legally expose the bank. Admitting they don’t have the documentation weakens their position in court or in future negotiations.

By not responding, banks avoid creating a situation of revealing documents or records that could work against them. Especially if they’ve been acting outside the boundaries of fair practices or regulations.

Banking on Customer Ignorance

Banks often use complex language sophistry or lack transparency to exploit consumer ignorance. They count on customers not understanding the fine print or not knowing how to assert their rights effectively.

Challenging everything and requesting evidence or clarification disrupts this strategy. Maybe the bank hopes that by not responding, you’ll either give up, get frustrated, or miss the time frame to take action.

Silence to Avoid Engagement

Non-response is a way of trying to wear you down, hoping their strategy of silence will stop you asking questions.

Debt collectors often use similar tactics. They may send generic threats, aiming to pressure individuals into paying, even when the claim is unsubstantiated.

If banks and debt collectors don’t engage meaningfully, they avoid the risk of getting caught for their own mistakes or missteps.

If someone claims you owe them money, wouldn’t you get suspicious if they hide the evidence? Yet all they achieve is raise more suspicion.

If someone owes you money, and they say they’re willing to pay if you can prove that they owe you money, why would you delay in showing the evidence?

Risk of Compounding Errors

The more the banks communicate, the more potentially damaging details surface, showing the inaccuracy or illegitimacy of the debt.

So the Banks avoid uncovering further issues that could become more difficult to defend later on.

Lack of Accountability and Efficiency

Larger banks and financial institutions may not prioritize individual cases when there are no immediate legal or financial repercussions.

Staff members are often incentivized to avoid confrontations or to pass on cases to automated systems or third-party debt collectors.

When you challenge them directly, it forces them to invest time and resources in addressing the case, which may not align with their profit goals.

They may simply ignore your requests in the hopes that the issue will go away on its own. Especially if they see you as just one customer among many.

Challenge Banks About Everything

Challenging everything they send can overwhelm the bank or debt collector, but it also puts you in a stronger position.

If they don’t engage, it suggests they don’t have the documentation to back up their claims.

  • Document Everything:
    Keep records of all communication (or lack thereof) with the bank and debt collectors. If they fail to provide proof or respond, that could strengthen your case if you decide to take the matter further or report them to regulators.
  • Legal Advice:
    If the situation escalates, especially with debt collection agencies, you might consider getting legal advice. A lawyer can help you navigate through the complexities and possibly challenge any unlawful actions on the bank’s part.
  • Regulatory Bodies:
    Report the lack of response or illegal practices to financial regulators, consumer protection agencies, or ombudsman services, especially if they are failing to comply with laws and regulations.

Challenge Bank Debt Legitimacy

One reason why banks and debt collectors don’t communicate is because you’re challenging their legitimacy. That creates a risk the bank’s not willing to take.

By asking questions and demanding proof, you’re putting them in a position where they have to back up their claims. That’s something they likely don’t want to do if they can’t prove it.

They may use silence to avoid exposure, hoping you’ll just give in.

Word of Warning
If by some slim chance, the banks and debt collectors do reply, read every word on the documents. Don’t accept email. Only written documents sent through the postal service. If you don’t know why, then ask. Or read other posts here.

Read each and every word on the documents they send. And if they sign the documents, you know what to do next. If you don’t know what to do, start here.

Your best strategy is to stay persistent, keep demanding clarity, and continue exposing the cracks in their practices. Follow the banks’ example. Admit Nothing. Deny Everything.

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