When it comes to unpaid debts, however, your past could creep up when you least expect it.
Collection agencies have the power to reactivate long-forgotten accounts and hurt your credit score in the process.
And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. And you don’t want to fall victim to a debt collection scam.
We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. " Before you pay a dollar to a debt collector or even acknowledge that a debt is yours, call in the help of an old friend: snail mail. You don’t want to pay something you don’t owe or accidentally revive a so-called zombie debt, which is an old debt that might be past the statute of limitations.
If the employer’s debt collection agent gives the required notice, employee debt collectors need not also provide it.
A notice need not offer to identify the original creditor unless the name and address of the original creditor are different from the current creditor.This page explains how debt collectors can notify you and what types of debt validation notice is legal or illegal.As little as one wrong or missing word in a “G Notice” can constitute a violation of your FDCPA rights and entitle you to damages.Harassing phone calls, the threat of legal action, and wage garnishment are just a few of the all-too-common collection tactics.While going head-to-head with the collection agency may be daunting, don’t sign a check just yet.