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What Debt Collectors Can’t Do to Recover Your Debts

Knowing what debt collectors cannot do to collect a debt from you may help you deal with and protect you from their approaches to debt collection.

The Fair Debt Collection Practices Act [more…]

What to Expect from Debt Collection against Your Unpaid Bills

Laws govern what debt collectors can do if you fall behind on an unsecured debt. If a debt collector sues you, you will be notified of the lawsuit via a summons [more…]

How to Dispute Your Debt with a Debt Collector

You’re contacted by a debt collector. You don’t agree that you owe that much — or anything at all! What to do next to save your credit from crashing?

Send the debt collector a letter disputing it within [more…]

Ask Debt Collectors for Proof of Your Debt

When a debt collector contacts you about a debt, he must send a written statement of your right to request written verification of the debt and your right to dispute the debt. [more…]

Debt Collectors May Try to Cash In on Old Debts

Debt collectors who pursue old debts are not breaking any laws unless they violate the Fair Debt Collection Practices Act (FDCPA) or your state’s debt collection laws. Beware fast-buck motives, though! [more…]

How to Deal with Debt Collectors Who Violate Your Rights

Even if a debt collector violates the law in a relatively minor way, you can file a formal complaint. Take the following steps to protect your rights: [more…]

Tips for Handling Debt Collector Calls

A call from a debt collector can be intimidating to say the least. The following tips will help you stay in control and calmly handle a debt collector so you avoid saying something that could create more [more…]

Things Debt Collectors Can't Do

Getting a call from debt collector can be unnerving, especially when they start pressuring you into paying more than you think you can afford. You have rights as a consumer when debt collectors call as [more…]

8 Debt Collection Mistakes Not to Make

You think you’re on top of things . . . and then the phone rings. A debt collection agency claims that you owe them money. What do you do? Or perhaps the bigger question should be: “what do you [more…]

Which Creditors Don’t Report to the Credit-Reporting Agencies?

Why doesn’t every creditor report your history to all three credit bureaus? Because every time your creditors send data on you to a bureau, they have to pay a fee. Some lenders don’t think that this is [more…]

What Debt Collectors Can and Can’t Do

If you have credit problems, you will likely be contacted by a collector at some point. If a collector contacts you about a debt by phone, the collector has five working days to send you a written notification [more…]

Know the Statutes of Limitations to Handle Debt Collectors

Every state has a statute of limitations (SOL) that limits how long the courts can be used to collect a debt. After a debt is between 2 and 15 years old [more…]

How to Negotiate a Payback Arrangement with Debt Collectors

When you and the collector agree that all the particulars of the debt are legitimate, it’s time for you to make an offer to resolve the obligation, whether the cause of the delinquency was an unintended [more…]

Debt Collection: Escalation Options that Help

When you’re dealing with a debt collector, you may arrive at a sticking point and recognize that the person you’re speaking with doesn’t have the authority to do what you’re asking. Instead of stopping [more…]

How to Communicate with Creditor Customer Service to Avoid Collections

If you’re in trouble, try contacting the creditor to avoid collections altogether. When dealing with creditors, communication can be difficult because of the associated guilt, anger, and other emotions [more…]

How to Avoid Debt Collection

Not paying your bills on time may be what got you into a bad-credit situation in the first place. But making on-time payments for the amount agreed is the most important thing you can do to keep bad credit [more…]

How to Manage Charge-Offs to Improve Your Credit

During the collections process, you come to some significant stopping points where unresolved matters take a turn for the worse. It’s important for you to know when you’ve reached these points, how important [more…]

How the FDCPA Provides Protection against Debt Collectors

The Fair Debt Collection Practices Act (FDCPA) is the key piece of legislation that regulates debt collectors. What do you do when a debt collector sends you a letter or calls to say how much he or she [more…]

Negotiating a Debt Collection Settlement

A debt collector may agree to let you pay less than the total amount you owe on a debt. Although settling a debt shows up as negative information in your credit report, negotiating a settlement indicates [more…]

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