How to Request Debt Validation from debt collectors
Debt validation is a powerful tool consumers have to use against unfair debt collection. It forces a debt collector to prove you owe the debt.
Debt Solutions
Debt Validation Sample Letter to a Debt Collector
A simple debt validtion letter example that can be used to request debt validation from a collection agency.
How to successfully and calmly deal with Debt Collectors
Keep your cool with these 17 Tips to Deal with Debt Collectors: Stay calm, stay off the phone, know your rights and request proof of debt.
Remove accounts that are past the credit reporting time period
Original creditor is no longer reporting an account to the credit bureaus but debt collector is reporting new dates on the account. This action is re-aging an account which is illegal.
Disputing an old account can trigger a new debt collector
Disputing an old collection account can trigger the collection agency to renew their collection efforts or sell the debt to a new debt collector.
Risks of paying just the minimum due on credit card accounts
The minimum payment on credit accounts should be used as a convenience only because paying only the minimum could mean you end up paying 3 times the original purchase.
How debt payment deferment impacts your credit scores
Payment deferment can give you room to breathe If you’re currently having trouble making credit card, personal or auto loan payments. Plus debt deferment can help save your credit scores from late payment marks.
How to Dispute Collection Accounts on Reports
To “dispute a collection account” find an error or inaccuracy… Read More »How to Dispute Collection Accounts on Reports
Duplicate negative accounts on credit reports will crash a credit score
Credit scores can take a dive if you have duplicate negative information. It appears that you have more DEBT than you actually have.
Settle debt with collection agencies for pennies on the dollar
Once a debt is sold to a collection agency you have a chance to settle the debt for a lesser amount, often pennies on the dollar.