Be prepared by knowing your monthly expenses and income so you are aware of how much you can afford to repay each month. Any debt collector who contacts you claiming you owe payment on a debt is required to give ...
A paid collection is an account that went into collections because it was past due and then was paid. A debt can be considered a paid collection because you paid it in full or because the debt collector agreed to ...
If you have already paid the debt, you are not required to do anything. If you choose to, you may provide the debt collector with confirmation of your payments (such as copies of cancelled checks or credit card statements) and ...
The Fair Debt Collection Practices Act (FDCPA) says that a debt collector is not allowed to use unfair practices in trying to collect a debt. For example, a debt collector may not: Try to collect charges in addition to the ...
If you believe you do not owe the debt, or want verification that it is your debt, send a written request to the debt collector and ask it to verify the debt. Any debt collector who contacts you claiming you ...
Yes, if it is has a legal right to do so. Telling a debt collector to stop contacting you does not make the debt go away if the debt is yours. The collector may still report your debt as an ...
If a debt collector calls your employer, you might want to talk to the person who took the call to find out what the debt collector said. There are strict limits about what debt collectors can say or ask about ...
You have the right to tell a debt collector to stop communicating with you. Write a letter to the debt collector and keep a copy of the letter yourself. Once a debt collector receives your letter, it may not contact ...
Yes, a debt collector may be permitted to contact you to collect the debt. Divorce decrees generally do not change the original loan agreement. Unless you were contractually released by the creditor, you still owe the debt and the creditor ...
It is up to the debt collector to verify for you that you are responsible for the debt. This verification can be a copy of your statement showing the balance you owe or a copy of the original credit agreement. ...