During this initial contact, make sure to avoid saying anything that could be considered an admission that the debt is yours. Some debts that collectors claim you owe might not be legitimate due toidentity theft, billing errors, or an expired statute of limitations. Not only should you avoid ...
a credit card agreement), or (b) state law allows them to do so. Some collectors add charges to the debt and attempt to justify them as “collection fees” or “interest” hoping that the consumer won’t know any better.
Finding an unfamiliar collection accounton your credit reportis almost always an unwelcome surprise. After all, havingany debt in collectionscan have a big impact on your finances — and it can be a big hassle to get rid of it. Still, this issue is more common than you might expect. Acco...
A debt dispute letter, or a collection dispute letter, is a formal written communication sent by a debtor to a debt collection agency or creditor regarding a debt that is being pursued for payment. The purpose of the letter is to dispute the validity or accuracy of the debt being claimed. ...
If you are getting collection calls for any unpaid debt that you owe, the best way to handle them is to speak to the collector and find out everything you can find out about that debt. Make sure the debt is your debt. Make sure the amount is something you remember that you failed ...
In this article, we’re going to show you how to deal with a debt collection agency – and those nasty debt collectors that come calling at all hours, contacting your friends and relatives, and are generally harassing you. Read on to find out more about your legal rights in this situation...
1. Your debt becomes delinquent 2. The debt collector makes initial contact 3. Communication and negotiation with the debt collector 4. The debt collector takes legal action 5. Resolution of the debt collection process How to learn more about debt collection The bottom line References Read More ...
How Sovereign Debt Affects Growth Economists have long known that higher levels of sovereign debt correlate with slower long-term economic growth. Correlation is not causation, however, and often it is the slower rate of growth that causes sovereign debt to swell as tax collection shortfalls and ...
Nobody should have to deal with debt collection harassment. That’s why there are laws on the books to protect consumers from this nefarious activity. If you believe you’re being harassed by debt collectors, the best course of action is to work with a lawyer and follow their guidance. ...
Debt Collection Answers: How to Use Debt Collection Laws to Protect Your RightsGerri DetweilerMary Reed