Credit Law, Stop Debt Collectors

Verification of Debt: You Can Demand that a Debt Collector Stop Unless they Verify

What’s to stop a billing error from goes to collections?  What’s to stop an account that’s wrongly in collections from negatively impacting your credit report?  The answer is simple . . . the law.  For almost 40 years, the Fair Debt Collection Practices Act (FDCPA) has been in place to protect individuals from the possible dire consequences of an invalid debt being left to eat away at your future prospects.

Remember, credit reports and your credit history dictate the kinds of financial avenues which will be open to you . . . or not.  Also, many employers routinely review credit reports in deciding whether you will be hired, or get that promotion.  Don’t let an invalid debt haunt you and yours in the future, especially since the law is on your side when it comes to debt-collection violations.  BUT, you have to stand up and assert your legal rights in order to enjoy them!

How to fight Debt Collectors: Verification Of Debt

One way to fight an invalid debt is to demand that the debt collector go back to the alleged creditor and verify the debt.  You must do this within 30 days of receiving the collection notice.  If a debt collector cannot provide you with verification, they must cease ALL COLLECTION ACTIVITIES IMMEDIATELY.  This means that a debt collector cannot simply ignore your demand for verification and continue trying to collect by contacting you, reporting to the credit bureaus, etc.  They must provide you with verification, or stop—that’s the law.

Do you need help dealing with the maze that is the debt-collection business?  Have you struggled trying to deal with collection companies that are driven by profits, not by a desire to diligently correct their or their clients’ mistakes?  Contact Concord Law, P.C. now for a free consultation to see if we can help you keep a careless company’s error from turning your life upside down.