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 ...
Debt Collection Answers: How to Use Debt Collection Laws to Protect Your RightsGerri DetweilerMary Reed
Make it clear to the collector that you know your rights; the collection agency might be more likely to treat you fairly (in the case of a legitimate debt) or leave you alone (in the case of a bogus one) if they know you are not an easy target. ...
uncertain about the debt, you should contact the collection agency for further information or perhaps request for additional time to validate, although within a reasonable period of time. You can also seek your own legal advisor or speak with a financial counselor to help you resolve this matter...
International debt collection is the act of pursuing money that is past due from customers based in another country to compensate you for goods or services provided to them. The first step in the process is to communicate your desire to get paid to the international client, but you may need...
there’s a fundamental limit on what they’re legally allowed to do; sometimes, debt collection behaviors become so annoying, aggressive, or inappropriate that they become illegal. And if you’re ever on the receiving end of this debt collection harassment, you’ll have the ability to take ac...
“collection fees” or “interest” hoping that the consumer won’t know any better. If a debt collector has added interest or other fees to a debt it claims you owe, ask for an explanation as to basis for those charges. If you feel you don’t owe those amounts, consult a consumer...
Don't expect debt collectors to give up on tracking down money owed. Here's what to expect if you've let an old debt linger.