Is First Premiere Bank Calling?
Being in a debt could be frustrating and discouraging, but being in more than one debt is worse. Apart from having to wake up every day to the nightmare of being stuck in several draining financial commitments, you will have to put up with regular calls from perhaps more than one collection agency like First Premier Bank. Dealing with one collection agency is stressful enough, but having to deal with more than one may be an almost unbearable situation to find yourself in.
Juggling many debts requires the right knowledge, and if you are facing debt collection harassment from one or more of your debt collection agents, it is downright unethical and illegal. If you are being harassed, threatened, intimidated, or coerced into payment by your debt collection agent, the first thing you must know is that debt collection is strictly prohibited by the law through acts like the FDCPA and TCPA. The law not only prohibits debt collection harassment but also provides an avenue for you to get justice for all the times that your rights may have been violated by your debt collection agent. You may be able to sue an erring debt collection agency for statutory damages of up to $1000. Contact us now to begin discussing your options.
How can I best deal with multiple debts?
You need to be enlightened on the options available to you if you are dealing with multiple debts and be guided to pick a favorable one. Below are a few options available to people dealing with multiple debts.
Know what debts to resolve first
Instead of exerting yourself to barely meet up with the minimum payments each month, consider picking one debt at a time and pouring all your energy and resources towards resolving it. There is really no panacea when it comes to knowing which debts you should resolve first; picking a plan depends on you, your income, and your personal goals. Do you want to free up more money by paying your heaviest loans first, or do you want to get that feeling of progress that comes with knowing you have completely resolved a debt, no matter how small? Reflect on these points, as they will help you decide whether to resolve your highest or smallest interest debts first.
Balance is the most important thing to factor into your debt repayment strategy, as you must create a plan that both works for you and allows you to reach your financial goals quickly.
Work out a Debt repayment formula
Get in contact with the organization officially responsible for handling your debts and re-negotiate with them. Most debt collection organizations are happy to work hand-in-hand with you to come up with a payment plan that suits you best.
On a personal level, setting up a debt repayment plan involves:
1. Gauging your ability to pay off your debts (and if you will need an extra source of income to get out of debt faster)
2. Deciding on what order to pay off your debts
3. Setting and sticking to debt repayment deadline
4. Slashing expenses and focusing on savings
5. Paying your creditors first, and
6. Closely monitoring your credit.
Debt consolidation involves putting together all your unsecured debts and paying them off using a debt consolidation loan. After this, you of course have to pay off the debt consolidation loan but this stops you from being contacted by diverse creditors or collection agencies. This is basically you combining your many small debts into one big one which reduces the overall interest rate. Also, some debt consolidation programs combine your monthly debt payments to settle your creditors instead of giving you a new loan.
About First Premier Bank.
First Premier Bank is a third-party debt collector located in Sioux Falls, South Dakota. They provide loan options to several consumers across the united states.
601 S Minnesota Ave, Sioux Falls,
SD 57104, United States
Phone: + 1 605-357-3000
Consumer Rights Law Firm, PLLC is a law firm that specializes in helping clients who are facing harassment from debt collectors in any form, including telephone communication. Rather than suffer alone, contact our office to begin the process to stop the First Premier Bank harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.