How to Settle Debt With Global Trust Management (GTM)

You just got a call from Global Trust Management. Your stomach dropped. Now you feel pressured to pay immediately.

Stop. Take a breath. You have more power than you think.

Debt collectors count on you panicking. They want you to pay without asking questions. But you have legal rights that protect you.

You can make Global Trust Management prove you actually owe the debt. You can negotiate a lower settlement. You can stop the harassment.

Here’s exactly how to handle Global Trust Management and protect your finances.

What Is Global Trust Management?

Global Trust Management (GTM) is a debt collection agency based in Tampa, Florida. The company specializes in collecting payday loans and cash advances.

Here are their contact details:

• Mailing address: P.O. Box 26244, Tampa, FL 33623
• Phone number: 844-421-7501
• Email: info@gtmcorporation.com

GTM agents often call from local numbers to increase answer rates. You might not recognize the number as a collector.

Who Does Global Trust Management Collect For?

GTM primarily works with payday loan and cash advance companies. These businesses already have questionable reputations. GTM adds another layer of aggressive collection tactics.

Global Trust Management Reviews and Complaints

GTM has a 3.9 out of 5 star rating on Google. But don’t let that fool you.

The Better Business Bureau shows a different story. GTM has received dozens of complaints over the past three years. The company has a B rating but isn’t BBB-accredited.

Common complaints include:

• Calling neighbors and old acquaintances to reach consumers
• Attempting to collect debts already discharged in bankruptcy
• Rude and disrespectful behavior toward consumers
• Trying to collect debts already paid in full
• Refusing to verify debts when requested
• Ignoring messages from consumers trying to repay

The Consumer Financial Protection Bureau lists over 100 complaints against GTM. Consumers report serious violations:

• Threatening $2,500 penalties for unverified debts
• Continuing harassment after refusing to verify debts
• Calling workplaces repeatedly after being asked to stop
• Contacting supposed “references” to pressure consumers
• Calling multiple times per day despite requests to stop

These complaints reveal a pattern of aggressive tactics. You need to know how to protect yourself.

Your Rights Under the Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act (FDCPA) gives you powerful legal protections. Debt collectors must follow strict rules when contacting you.

Collectors cannot:

• Threaten you with jail time
• Use profane or abusive language
• Call before 8 AM or after 9 PM
• Contact you at work after you’ve asked them to stop
• Discuss your debt with third parties
• Misrepresent the amount you owe

You can file complaints with the Consumer Financial Protection Bureau if collectors violate these rules. Violations can result in fines and legal consequences for the collector.

Most importantly, collectors must verify your debt when you request it. Debt verification is your most powerful tool.

How to Make Global Trust Management Verify Your Debt

Never pay a debt until the collector proves you owe it. Many collection accounts contain errors or belong to someone else entirely.

You need to send a Debt Validation Letter within 30 days of first contact. Our partner Solo can help you create this letter quickly.

What to Include in Your Debt Validation Letter

Your letter should request specific documentation:

• Name of the original creditor you allegedly owe
• Copy of the original contract or agreement
• Exact amount of the debt including any fees
• Date of the last transaction on the account
• Proof that GTM owns the debt or has authority to collect
• GTM’s license number to operate in your state

Send your letter via certified mail with return receipt. Keep copies of everything.

What Happens After You Request Verification

Once GTM receives your Debt Validation Letter, they must stop collection activities. They cannot call you or report the debt to credit bureaus until they provide proof.

Many collectors fail to provide adequate verification. They might not have the required documentation. If GTM cannot verify your debt, you don’t have to pay it.

Even if you think you probably owe the money, always request verification. Consider this example:

Maria took out a payday loan three years ago. When GTM calls, she assumes the debt is legitimate. But she sends a Debt Validation Letter anyway. GTM never responds with proper documentation. Without verification, Maria doesn’t have to pay.

The statute of limitations might have expired. The debt might have been sold multiple times. GTM might lack the paperwork. Always make them prove it.

What to Do If Global Trust Management Verifies Your Debt

GTM provided all the documentation you requested. The debt is legitimate. Now what?

You have several options to resolve the debt and avoid a lawsuit.

Negotiate a Settlement

Debt collectors often accept less than the full amount. They bought your debt for pennies on the dollar. They’re motivated to settle quickly.

Start by offering 30-50% of the balance. Our partner Solo can help you negotiate effectively and get the best settlement terms.

Never agree to payment terms you cannot afford. Get everything in writing before sending money.

Set Up a Payment Plan

If you cannot pay a lump sum, request a payment plan. Spread the payments over several months.

Make sure the terms are realistic for your budget. Get written confirmation before making payments.

Dispute Inaccurate Information

Review all documentation carefully. Look for errors in the amount owed, dates, or creditor information.

If you find mistakes, dispute them in writing. Collectors must investigate and correct errors.

What Happens If Global Trust Management Sues You

Ignoring GTM after they verify your debt can lead to a lawsuit. Debt collection lawsuits are serious.

If GTM files suit, you’ll receive a court summons and complaint. You typically have 14-30 days to respond depending on your state.

Never ignore a lawsuit. The court will issue a default judgment if you don’t respond. GTM can then garnish your wages or freeze your bank account.

Our partner Solo helps you respond to debt collection lawsuits quickly. You can draft and file a proper Answer to protect your rights.

How to Respond to a Lawsuit

Your Answer must address each claim in the complaint. You can admit, deny, or state you lack sufficient information.

Include any affirmative defenses that apply:

• Statute of limitations has expired
• You already paid the debt
• The amount is incorrect
• GTM lacks standing to sue

File your Answer with the court before the deadline. Send a copy to GTM’s attorney.

How to Stop Global Trust Management From Calling

Constant collection calls are stressful and disruptive. You have the right to stop them.

Send a cease and desist letter to GTM. State clearly that they may not contact you by phone. They can only contact you by mail or through an attorney.

GTM must honor your request. They can only contact you to confirm they received your letter or notify you of specific actions like filing a lawsuit.

Document every call you receive. Note the date, time, phone number, and what was said. These records prove violations if you need to file a complaint.

Check If the Statute of Limitations Has Expired

Every state has a statute of limitations on debt collection. Once the time period expires, collectors cannot sue you for the debt.

The statute varies by state and debt type. It typically ranges from three to six years. The clock starts from your last payment or acknowledgment of the debt.

If the statute has expired, you have a complete defense against a lawsuit. GTM can still attempt to collect, but they cannot take you to court.

Never make a payment on time-barred debt. A payment can restart the clock on the statute of limitations.

How to Report Violations by Global Trust Management

GTM violated your rights under the FDCPA. You can take action.

File a complaint with these agencies:

• Consumer Financial Protection Bureau (CFPB)
• Federal Trade Commission (FTC)
• Your state’s Attorney General office
• Better Business Bureau

You can also sue the collector in state or federal court. You may recover damages up to $1,000 plus attorney fees.

Document everything. Save voicemails, letters, and call logs. These records support your complaint or lawsuit.

Protect Your Credit While Dealing With Global Trust Management

Collection accounts damage your credit score. But you can minimize the impact.

Request a settlement agreement that includes removing the collection from your credit reports. Collectors sometimes agree to “pay for delete” arrangements.

Get the agreement in writing before paying. After payment, check your credit reports to confirm removal.

If the collection remains on your reports, dispute it with the credit bureaus. You can dispute inaccurate or unverified information.

While resolving your debt, work on rebuilding your credit. Our partner Kikoff helps you build credit safely and affordably.

Take Action Before Global Trust Management Escalates

You now know how to handle Global Trust Management effectively. Don’t wait for the situation to worsen.

Send your Debt Validation Letter immediately. Negotiate a settlement if they verify the debt. Respond quickly if they file a lawsuit.

Your financial future depends on taking action now. Collection accounts hurt your credit. Lawsuits lead to wage garnishment. But you can stop this before it spirals.

Our partner Solo provides the tools you need to respond to collectors, negotiate settlements, and answer lawsuits. You don’t have to face Global Trust Management alone.